FINANCIAL_SERVICESAPPROVED

Duval County Awards Financial Services Contract to Cielo Vista Power Llc (July 2026)

Duval County has approved a Tax Abatement Agreement with Cielo Vista Power, LLC for a 720 MW natural gas power generation project in the Cielo Vista Reinvestment Zone. The deal provides a 10-year, 100% abatement of County M&O property taxes on Eligible Property in exchange for annual PILOT payments, substantial capital investment, community payments, and long-term operation commitments.

Status
APPROVED
Document date
July 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cielo Vista Power Llc
Agency
Duval County · TX

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Derivita logo
Comcate logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
Tax abatement on 100% of County M&O property taxes on Eligible Property for 10-year Abatement Period; annual PILOT of $1,080,000 plus $1,500 per MW over 720 MW; Development Period Payments of $120,000 (up to two payments); one-time Community Engagement Payment of $100,000
Contract type
FINANCIAL_SERVICES
Contract term
Abatement Period of 10 years beginning on the earlier of January 1 following COD or January 1 of the year of Notice of Abatement Commencement; Extended Operation Period of at least 10 years after expiration of Abatement Period
Renewal
Initial tax abatement runs for a fixed 10-year Abatement Period beginning after COD or earlier by notice; after the Abatement Period the property becomes fully taxable and the Developer must keep the project in operation for at least an additional 10 years. The Agreement may be amended only by mutual written consent and includes provisions for deferral of automatic termination via a $100,000 Deferral Payment if construction commencement is delayed.
Document type
Agreement
Source document
Duval County Agreement Tax Abatement Agreement between Duval County, Texas, and Cielo Vista Power, LLC 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Duval County?

Cielo Vista Power Llc was awarded this financial services contract by Duval County, as recorded on July 13, 2026. The contract value is Tax abatement on 100% of County M&O property taxes on Eligible Property for 10-year Abatement Period; annual PILOT of $1,080,000 plus $1,500 per MW over 720 MW; Development Period Payments of $120,000 (up to two payments); one-time Community Engagement Payment of $100,000.

How much is the Cielo Vista Power Llc contract with Duval County worth?

The Cielo Vista Power Llc contract with Duval County is valued at Tax abatement on 100% of County M&O property taxes on Eligible Property for 10-year Abatement Period; annual PILOT of $1,080,000 plus $1,500 per MW over 720 MW; Development Period Payments of $120,000 (up to two payments); one-time Community Engagement Payment of $100,000, 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 Duval County Agreement Tax Abatement Agreement between Duval County, Texas, and Cielo Vista Power, LLC 2026-07-13 (Agreement), dated July 13, 2026 from Duval County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cielo Vista Power Llc hold?

Cielo Vista Power 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 Cielo Vista Power Llc's profile

What is Duval County currently buying?

Explore Duval County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Duval County's profile

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