City of Lebanon Awards Financial Services Contract to Boone County Economic Development Corporation (August 2026)

Scope & details

The full contract record, as filed.

Contract amount

Annual distribution of imposed fee equal to the lesser of $100,000 or 4% of D-A Lubricant Company, Inc.'s real property tax savings for the Project

Contract type

FINANCIAL_SERVICES

Contract term

For each year D-A Lubricant Company, Inc.'s tangible real property tax liability is reduced by a deduction specific to the Project

Renewal

The distribution continues for each year that D-A Lubricant Company, Inc.'s tangible real property tax liability is reduced by a deduction specifically tied to the Project, and will lapse when the abatement period ends or if the Council terminates the designation under the Act.

Document type

Resolution

Source document

City of Lebanon Resolution 2026-43 Regarding Certain Real Property Tax Abatement Deductions for D-A Lubricant Company, Inc. 2026-08-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Lebanon?

Boone County Economic Development Corporation was awarded this financial services contract by City of Lebanon, as recorded on August 1, 2026. The contract value is Annual distribution of imposed fee equal to the lesser of $100,000 or 4% of D-A Lubricant Company, Inc.'s real property tax savings for the Project.

How much is the Boone County Economic Development Corporation contract with City of Lebanon worth?

The Boone County Economic Development Corporation contract with City of Lebanon is valued at Annual distribution of imposed fee equal to the lesser of $100,000 or 4% of D-A Lubricant Company, Inc.'s real property tax savings for the Project, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Lebanon Resolution 2026-43 Regarding Certain Real Property Tax Abatement Deductions for D-A Lubricant Company, Inc. 2026-08-01 (Resolution), dated August 1, 2026 from City of Lebanon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Boone County Economic Development Corporation hold?

Boone County Economic Development Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Boone County Economic Development Corporation's profile

What is City of Lebanon currently buying?

Explore City of Lebanon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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