OTHERAMENDED

Addendum Names Meredian Bioplastics in Danimer Project

An October 8, 2021 addendum amended the Danimer Project Agreement to designate Meredian Bioplastics, Inc. as the project company and authorize up to $692,625,000 in real and personal property revenue bonds. The amendment also updates facility size, utility rate provisions, and adds Danimer Scientific, Inc. as guarantor while keeping other terms in force.

Document date · November 23, 2021

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
$410,625,000 not to exceed amount of Real Property Bonds; $282,000,000 not to exceed amount of Personal Property Bonds; part of overall $700,000,000 investment
Contract type
OTHER
Contract term
19-year property tax savings incentive period and bond terms as modified by the October 8, 2021 Addendum
Renewal
Amendment modifies the existing long-term project agreement but does not alter its 19-year incentive horizon; further amendments must be in writing.
Document type
Meeting Minutes
Source document
decatur-county-meeting-minutes-2021-11-23_fc2.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Decatur County?

Meredian Bioplastics Inc was awarded this government contract by Decatur County, as recorded on November 23, 2021. The contract value is $410,625,000 not to exceed amount of Real Property Bonds; $282,000,000 not to exceed amount of Personal Property Bonds; part of overall $700,000,000 investment.

How much is the Meredian Bioplastics Inc contract with Decatur County worth?

The Meredian Bioplastics Inc contract with Decatur County is valued at $410,625,000 not to exceed amount of Real Property Bonds; $282,000,000 not to exceed amount of Personal Property Bonds; part of overall $700,000,000 investment.

What type of contract is this?

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

Where was this contract approved?

This contract appears in decatur-county-meeting-minutes-2021-11-23_fc2.pdf (Meeting Minutes), dated November 23, 2021 from Decatur County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Meredian Bioplastics Inc hold?

Meredian Bioplastics 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.

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