FINANCIAL_SERVICESAPPROVED

Performance Academy Eastland Awards Financial Services Contract to Vantage Data Centers Management Company Llc (October 2025)

The Village of Millersport has entered into a Community Reinvestment Area Agreement with Vantage Data Centers Management Company, LLC granting 15-year, 100% real property tax exemptions on new data center buildings in exchange for an estimated $1 billion investment and annual minimum qualified payments starting at $832,000. The Agreement runs until the last tax year in which an exemption can be claimed and includes obligations for additional payments, school district compensation, and cross-default with related development and TIF incentive agreements.

Status
APPROVED
Document date
October 1, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Vantage Data Centers Management Company Llc
Agency
Performance Academy Eastland · OH

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Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Estimated $1,000,000,000 total project investment; Minimum Qualified Payment Amount of $832,000 per year (scaling by $1.11/sq ft and $4,150/acre above 600,000 sq ft and 40 acres); $2,500 assignment fee per Assumption Agreement; additional payments equal to any shortfall below MQPA
Contract type
FINANCIAL_SERVICES
Contract term
CRA exemptions: 15 years per Building, with exemptions commencing no later than tax year 2042 and potentially extending through tax year 2057; MQPA obligation through the fifth collection year following the last tax year of a 15-year abatement on any Building; overall Agreement in effect until December 31 of the last tax year in which an exemption can be claimed or applied, unless earlier terminated
Renewal
No formal renewal options are specified; the Agreement automatically remains in effect until December 31 of the last tax year in which a CRA exemption can be claimed or applied, and can be earlier terminated for defaults, revocation events, or by the Company upon at least 30 days' written notice. CRA exemptions are fixed at 15 years per Building with no extension beyond tax year 2057, though future renegotiation is permitted if the Agreement is rescinded due to unpaid non-exempt taxes, subject to mutual consent.
Document type
Agreement
Source document
Village of Millersport Community Reinvestment Area Agreement 2025-10-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Performance Academy Eastland?

Vantage Data Centers Management Company Llc was awarded this financial services contract by Performance Academy Eastland, as recorded on October 1, 2025. The contract value is Estimated $1,000,000,000 total project investment; Minimum Qualified Payment Amount of $832,000 per year (scaling by $1.11/sq ft and $4,150/acre above 600,000 sq ft and 40 acres); $2,500 assignment fee per Assumption Agreement; additional payments equal to any shortfall below MQPA.

How much is the Vantage Data Centers Management Company Llc contract with Performance Academy Eastland worth?

The Vantage Data Centers Management Company Llc contract with Performance Academy Eastland is valued at Estimated $1,000,000,000 total project investment; Minimum Qualified Payment Amount of $832,000 per year (scaling by $1.11/sq ft and $4,150/acre above 600,000 sq ft and 40 acres); $2,500 assignment fee per Assumption Agreement; additional payments equal to any shortfall below MQPA, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Village of Millersport Community Reinvestment Area Agreement 2025-10-01 (Agreement), dated October 1, 2025 from Performance Academy Eastland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vantage Data Centers Management Company Llc hold?

Vantage Data Centers Management Company Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Vantage Data Centers Management Company Llc's profile

What is Performance Academy Eastland currently buying?

Explore Performance Academy Eastland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Performance Academy Eastland's profile

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