County amends Franklin Electric bond financing agreement

The Allen County Board of Commissioners approved execution of replacement taxable economic development revenue bonds and related documents for Franklin Electric Corp. Inc. to modify financing of a $25 million relocation project. Franklin Electric will cover all financing costs, with the agreement maturing in 2033 and no taxpayer funds involved.

Scope & details

The full contract record, as filed.

Contract amount

$25 million project

Contract type

FINANCIAL_SERVICES

Contract term

Through 2033 (maturity of bonds)

Renewal date

2033-12-31

Renewal

Modification of existing 2012 bond financing agreement due to Franklin Electric changing financial institutions; maturity remains 2033.

Document type

Minutes

Source document

Board of Commissioners of the County of Allen Legislative Session Minutes 2026-07-10

Related contracts

Other contracts from Franklin Electric Corp Inc.

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Board of Commissioners of the County of Allen Legislative Session Minutes 2026-07-10

APPROVED

Allen County, IndianaJul 10, 2026

Board of Commissioners of the County of Allen AgendaPacket Legislative Session 2026-07-10

DISCUSSED

Town of Pleasant, IndianaJul 10, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Allen County?

Franklin Electric Corp Inc was awarded this financial services contract by Allen County, as recorded on July 10, 2026. The contract value is $25 million project.

How much is the Franklin Electric Corp Inc contract with Allen County worth?

The Franklin Electric Corp Inc contract with Allen County is valued at $25 million project, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Board of Commissioners of the County of Allen Legislative Session Minutes 2026-07-10 (Minutes), dated July 10, 2026 from Allen County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Franklin Electric Corp Inc hold?

Franklin Electric Corp 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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