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City of Marion Awards Financial Services Contract to General Motors LLC (August 2022)

City of Marion logoCity of Marion
Approved
Aug 16, 2022

The 30-second brief

What it covers

The Marion Common Council approved a long-term tax abatement agreement with General Motors LLC for its Metal Fabrication Division, providing 10 years of 100% real property abatement and 20 years of 100% personal property abatement. The agreement supports a $491 million investment while preserving an assessed value floor to protect city revenues.

Who holds it

General Motors LLC holds this financial services contract with City of Marion. Its other public contracts on record include work for Harris County and Town of Southampton.

What happens next

Term as filed: 10-year real property abatement; 20-year personal property abatement.

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Contract details

Contract type
Financial Services
Document date
August 16, 2022
Term
10-year real property abatement; 20-year personal property abatement
Vendor
General Motors LLC
Agency
City of Marion
Source document
marion_common_council_minutes_august_2022.pdf (Minutes)

General Motors LLC's other public contracts

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Questions about this contract

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

General Motors LLC was awarded this financial services contract by City of Marion, as recorded on August 16, 2022.

What type of contract is this?

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

Where was this contract approved?

This contract appears in marion_common_council_minutes_august_2022.pdf (Minutes), dated August 16, 2022 from City of Marion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does General Motors LLC hold?

General Motors LLC 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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What is City of Marion currently buying?

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

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