Sikeston Incentive Package For Carlisle Manufacturing Plant
City of SykestonCity · ND- Disclosed value
- $62,000,000 (project investment); Taxable Industrial Revenue Bonds not to exceed $85,000,000
- From agenda
- Document date
- Jun 28, 2021
- Renews
- Free account
The 30-second brief
The City of Sikeston’s previously approved Development Agreement with Carlisle Construction Materials supports construction of a $62 million manufacturing plant through Chapter 100 industrial revenue bonds up to $85 million, 20 years of structured tax abatements, land transfer, and infrastructure and utility improvements. The company is responsible for bond repayment while receiving property and sales tax incentives tied to the project.
Carlisle Construction Materials holds this facilities contract with City of Sykeston. 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 Sykeston contract.
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Contract details
- Contract type
- Facilities
- Amount
- $62,000,000 (project 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 Sykeston
- Source document
- city-of-sikeston-council-meeting-agenda-june-28-2021_910.pdf (Agenda)
Carlisle Construction Materials's other public contracts
More City of Sykeston contracts
Questions about this contract
Who was awarded the facilities contract by City of Sykeston?
Carlisle Construction Materials was awarded this facilities contract by City of Sykeston, as recorded on June 28, 2021. The contract value is $62,000,000 (project investment); Taxable Industrial Revenue Bonds not to exceed $85,000,000.
How much is the Carlisle Construction Materials contract with City of Sykeston worth?
The Carlisle Construction Materials contract with City of Sykeston is valued at $62,000,000 (project investment); Taxable Industrial Revenue Bonds not to exceed $85,000,000, covering facilities work.
What type of contract is this?
This is a Facilities 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-meeting-agenda-june-28-2021_910.pdf (Agenda), dated June 28, 2021 from City of Sykeston. 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 Sykeston currently buying?
Explore City of Sykeston's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.