CONTRACTPENDING

City Incentivizes Subaru Project with $2M Grant

Disclosed value: $2,000,000.00; From resolution
Document date: Apr 15, 2025
Term: 10 years

What it covers

Irondale City Council approved a development incentive with Hallmark ACQ, LLC for Subaru Project. The city will provide economic development grants to Hallmark ACQ, LLC equal to 50% of the net sales tax proceeds received by the City for ten years with total grants limited to $2,000,000.00

Who holds it

Hallmark Acq holds this development incentive contract with Town of Section. Its other public contracts on record include work for City of Irondale and Town of Trafford.

What happens next

Term as filed: 10 years.

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Contract details

Contract type: Development Incentive
Amount: $2,000,000.00
Document date: April 15, 2025
Term: 10 years
Vendor: Hallmark Acq
Agency: Town of Section
Source document: town-of-section-resolution-2025-04-15_296.pdf (Resolution)

Hallmark Acq's other public contracts

City of Irondale, AlabamaHallmark ACQ incentives Approved for property Development · Apr 15, 2025Undisclosed Town of Trafford, AlabamaIrondale & Hallmark ACQ, LLC sign development agreement · Apr 15, 2025Undisclosed Town of Irondale, MinnesotaHallmark ACQ to get $2M Economic Development Grants · Apr 15, 2025$2M Town of Section, AlabamaDevelopment agreement approved for Hallmark ACQ, LLC · Apr 15, 2025Undisclosed Town of Trafford, AlabamaHallmark ACQ, LLC Receives Economic Incentives Agreement · Apr 15, 2025Undisclosed All Hallmark Acq contractsVendor profile

More Town of Section contracts

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Questions about this contract

Who was awarded the development incentive contract by Town of Section?

Hallmark Acq was awarded this development incentive contract by Town of Section, as recorded on April 15, 2025. The contract value is $2,000,000.00.

How much is the Hallmark Acq contract with Town of Section worth?

The Hallmark Acq contract with Town of Section is valued at $2,000,000.00, covering development incentive work.

What type of contract is this?

This is a Development Incentive contract, documented as a resolution record.

Where was this contract approved?

This contract appears in town-of-section-resolution-2025-04-15_296.pdf (Resolution), dated April 15, 2025 from Town of Section. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hallmark Acq hold?

Hallmark Acq 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 Town of Section currently buying?

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

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