City of Lebanon Awards Financial Services Contract to D-a Lubricant Company Inc (August 2026)

Scope & details

The full contract record, as filed.

Contract amount

Estimated project cost $10,000,000.00; imposed fee each year equal to the lesser of $100,000 or 4% of annual real property tax savings

Contract type

FINANCIAL_SERVICES

Contract term

Real property tax deduction period of four (4) years from the date each item of real property is first assessed; deduction schedule: 80% year one, 40% year two, 60% year three, 20% year four

Renewal

Abatement deductions run for four years from initial assessment of each real property item with a specified declining percentage schedule; the Council reserves the right to terminate the effectiveness of the designation and deductions under the Act. No automatic renewal is provided, and any extension would require future Council action.

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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PENDING

City of Lebanon, IndianaAug 21, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

D-a Lubricant Company Inc was awarded this financial services contract by City of Lebanon, as recorded on August 1, 2026. The contract value is Estimated project cost $10,000,000.00; imposed fee each year equal to the lesser of $100,000 or 4% of annual real property tax savings.

How much is the D-a Lubricant Company Inc contract with City of Lebanon worth?

The D-a Lubricant Company Inc contract with City of Lebanon is valued at Estimated project cost $10,000,000.00; imposed fee each year equal to the lesser of $100,000 or 4% of annual real property tax savings, 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 D-a Lubricant Company Inc hold?

D-a Lubricant Company Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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

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