CONTRACTAPPROVED

Economic Development Grant Approved for Wade Electric

City of Seagoville city logoCity of Seagoville city
Disclosed value
Not to exceed $150,000.00
From agenda
Approved
Feb 22, 2021
Renews
Free account

The 30-second brief

What it covers

The City Council approved an economic development project between the Seagoville Economic Development Corporation and Wade Electric, Inc., including an incentive grant of up to $150,000 to support construction of a new electrical services facility at 609 West Simonds Road. The agreement runs through at least December 1, 2026 and requires specified capital investment, job creation, and continuous operations in Seagoville.

Who holds it

Wade Electric Inc holds this contract with City of Seagoville city. Its other public contracts on record include work for Norman Public Schools.

What happens next

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Contract details

Amount
Not to exceed $150,000.00
Document date
February 22, 2021
Term
Effective Date through December 1, 2026 or five years after Completion of Construction, whichever is later
Renews
On record
Source document
Seagoville City Council Meeting Agenda February 22, 2021 (Agenda)

Wade Electric Inc's other public contracts

More City of Seagoville city contracts

Questions about this contract

Who was awarded the government contract by City of Seagoville city?

Wade Electric Inc was awarded this government contract by City of Seagoville city, as recorded on February 22, 2021. The contract value is Not to exceed $150,000.00.

How much is the Wade Electric Inc contract with City of Seagoville city worth?

The Wade Electric Inc contract with City of Seagoville city is valued at Not to exceed $150,000.00.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Seagoville City Council Meeting Agenda February 22, 2021 (Agenda), dated February 22, 2021 from City of Seagoville city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Wade Electric Inc hold?

Wade Electric 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.

What is City of Seagoville city currently buying?

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

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