FINANCIAL_SERVICESPENDING

Compensation Agreement Set for Madison Township Project

Pickaway County and Eastland-Fairfield Career & Technical Schools are entering into a Madison Township Project Compensation Agreement with NP Rickenbacker BP, LLC that establishes PILOT payments and fixed one-time fees to offset school tax losses from CRA and TIF exemptions on new industrial development. The Developer will make ongoing payments tied to building square footage and market value, plus specified lump-sum contributions per building, while the County remits school TIF compensation from service payments over the exemption term.

Status
PENDING
Document date
August 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Np Rickenbacker Bp Llc
Agency
Performance Academy Eastland · OH

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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
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
(1) One-time $19,442; (2) One-time $2,100; (3) One-time $12,372 per building; plus ongoing PILOT Payments equal to at least 30% of foregone Eastland-Fairfield taxes under specified formula
Contract type
FINANCIAL_SERVICES
Contract term
From Effective Date in 2026 through the period that the CRA Exemption is in effect for each portion of the Exempted Property; PILOT and other payments tied to CRA and 30-year TIF Exemption periods
Renewal
Agreement term runs concurrently with the CRA Exemption for each portion of the Exempted Property and is modifiable only in writing; assignments require Assumption Agreements and trigger a separate $1,000 assignment fee under the CRA Agreement.
Document type
Agreement
Source document
Pickaway County Agreement Madison Township Project Compensation Agreement 2026-08-17

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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?

Np Rickenbacker Bp Llc was awarded this financial services contract by Performance Academy Eastland, as recorded on August 17, 2026. The contract value is (1) One-time $19,442; (2) One-time $2,100; (3) One-time $12,372 per building; plus ongoing PILOT Payments equal to at least 30% of foregone Eastland-Fairfield taxes under specified formula.

How much is the Np Rickenbacker Bp Llc contract with Performance Academy Eastland worth?

The Np Rickenbacker Bp Llc contract with Performance Academy Eastland is valued at (1) One-time $19,442; (2) One-time $2,100; (3) One-time $12,372 per building; plus ongoing PILOT Payments equal to at least 30% of foregone Eastland-Fairfield taxes under specified formula, 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 Pickaway County Agreement Madison Township Project Compensation Agreement 2026-08-17 (Agreement), dated August 17, 2026 from Performance Academy Eastland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Np Rickenbacker Bp Llc hold?

Np Rickenbacker Bp 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.

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What is Performance Academy Eastland currently buying?

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

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