General Brown Central School District Awards Financial Services Contract to Convalt Manufacturing Llc (April 2022)

The General Brown Central School District Board of Education approved a consent resolution supporting a 20-year PILOT agreement for Convalt Manufacturing LLC’s solar manufacturing facility project. The Jefferson County Industrial Development Agency will administer fixed payment-in-lieu-of-tax distributions tied to a $63.12 million investment and 50 new jobs.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Twenty (20) years of real property tax exemption

Renewal

PILOT Agreement provides 20 years of real property tax exemption with a fixed payment schedule; any renewal or extension would require separate future approvals under the Agency’s Uniform Tax Exemption Policy.

Document type

Agenda

Source document

general_brown_central_school_district_board_agenda.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by General Brown Central School District?

Convalt Manufacturing Llc was awarded this financial services contract by General Brown Central School District, as recorded on April 6, 2022.

What type of contract is this?

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

Where was this contract approved?

This contract appears in general_brown_central_school_district_board_agenda.pdf (Agenda), dated April 6, 2022 from General Brown Central School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Convalt Manufacturing Llc hold?

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