City of Sikeston city Awards Financial Services Contract to Carlisle Construction Materials (June 2021)
City of Sikeston cityCity · MO- Disclosed value
- $62,000,000 planned investment; taxable industrial revenue bonds not to exceed $85,000,000
- From agenda
- Approved
- Jun 28, 2021
- Renews
- Free account
The 30-second brief
The City of Sikeston approved an emergency ordinance authorizing issuance of taxable industrial revenue bonds up to $85,000,000 to support Carlisle Construction Materials’ planned $62 million manufacturing plant. The Development Agreement provides a 20-year property tax abatement structure, infrastructure and utility extensions, land transfer, fee waivers, and related incentives, with the company responsible for repaying the bonds and making payments in lieu of taxes.
Carlisle Construction Materials holds this financial services contract with City of Sikeston city. Its other public contracts on record include work for Johnsonburg Area SD and Painesville City Local Schools.
The renewal date is on record. A free account shows it, with the renewals for every City of Sikeston city contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $62,000,000 planned investment; taxable industrial revenue bonds not to exceed $85,000,000
- Document date
- June 28, 2021
- Term
- Tax abatement term: 20 years (100% for 10 years, 75% for 5 years, 50% for 5 years); lease expected to terminate December 31, 2042
- Renews
- Free account
- Agency
- City of Sikeston city
- Source document
- city-of-sikeston-council-agenda-june-28-2021_719.pdf (Agenda)
Carlisle Construction Materials's other public contracts
More City of Sikeston city contracts
Questions about this contract
Who was awarded the financial services contract by City of Sikeston city?
Carlisle Construction Materials was awarded this financial services contract by City of Sikeston city, as recorded on June 28, 2021. The contract value is $62,000,000 planned investment; taxable industrial revenue bonds not to exceed $85,000,000.
How much is the Carlisle Construction Materials contract with City of Sikeston city worth?
The Carlisle Construction Materials contract with City of Sikeston city is valued at $62,000,000 planned investment; taxable industrial revenue bonds not to exceed $85,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city-of-sikeston-council-agenda-june-28-2021_719.pdf (Agenda), dated June 28, 2021 from City of Sikeston city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Carlisle Construction Materials hold?
Carlisle Construction Materials 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 Sikeston city currently buying?
Explore City of Sikeston city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.