Coppell Independent School District Awards Financial Services Contract to Samsung Electronics America Inc (July 2021)
Coppell Independent School DistrictSchool · Coppell, TX- Disclosed value
- Annual payment in lieu of taxes per formula; plus professional services not to exceed $7,500 per year
- From agreement
- Approved
- Jul 1, 2021
The 30-second brief
Coppell Independent School District entered into a Payment In Lieu of Tax Agreement with Samsung Electronics America, Inc. Under the agreement, Samsung will make annual payments to offset tax revenue impacts from foreign trade zone designation and will fund related professional and legal services up to $7,500 per year. The agreement remains in force for the duration of the FTZ status, with provisions for changes in law and liquidated damages for non-payment.
Samsung Electronics America Inc holds this financial services contract with Coppell Independent School District. Its other public contracts on record include work for Maryland Stadium Authority | State of Maryland and Downey Unified.
Term as filed: Effective July 2021 and continuing until termination of foreign trade zone status, unless earlier terminated under the Agreement.
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Contract details
- Contract type
- Financial Services
- Amount
- Annual payment in lieu of taxes per formula; plus professional services not to exceed $7,500 per year
- Document date
- July 1, 2021
- Term
- Effective July 2021 and continuing until termination of foreign trade zone status, unless earlier terminated under the Agreement
- Source document
- coppell_isd_and_samsung_electronics_payment_in_lie.pdf (Agreement)
Samsung Electronics America Inc's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Coppell Independent School District?
Samsung Electronics America Inc was awarded this financial services contract by Coppell Independent School District, as recorded on July 1, 2021. The contract value is Annual payment in lieu of taxes per formula; plus professional services not to exceed $7,500 per year.
How much is the Samsung Electronics America Inc contract with Coppell Independent School District worth?
The Samsung Electronics America Inc contract with Coppell Independent School District is valued at Annual payment in lieu of taxes per formula; plus professional services not to exceed $7,500 per year, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in coppell_isd_and_samsung_electronics_payment_in_lie.pdf (Agreement), dated July 1, 2021 from Coppell Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Samsung Electronics America Inc hold?
Samsung Electronics America 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 Coppell Independent School District currently buying?
Explore Coppell Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.