CONTRACTAPPROVED

St. Mary's County Awards Financial Services Contract to Kihomac Inc (December 2025)

Approved: Dec 23, 2025

What it covers

The Commissioners of St. Mary's County entered into an Improvements to Commercial Real Property Tax Credit Agreement with KIHOMAC, Inc. to provide a county property tax credit of up to 25% on a commercial property in Lexington Park. The credit will hold the tax bill constant for up to ten years contingent on completion and certification of substantial eligible building renovations.

Who holds it

Kihomac Inc holds this financial services contract with St. Mary's County. Its other public contracts on record include work for Utah GOED Business Development Board | State of Utah and City of Layton.

What happens next

Term as filed: Tax credit commencing in first County fiscal year in which improvements are made, for a maximum duration of ten (10) years per Schedule 4.4.a.

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Contract details

Contract type: Financial Services
Document date: December 23, 2025
Term: Tax credit commencing in first County fiscal year in which improvements are made, for a maximum duration of ten (10) years per Schedule 4.4.a
Vendor: Kihomac Inc
Agency: St. Mary's County
Source document: St. Mary's County Agreement Improvements to Commercial Real Property Tax Credit Agreement 2025-12-23 (Agreement)

Kihomac Inc's other public contracts

Utah GOED Business Development Board | State of Utah, UtahEDTIF Tax Credit Recommended for KIHOMAC Expansion · Sep 10, 2026 Utah GOED Business Development Board | State of Utah, UtahEDTIF Tax Incentive Approved for KIHOMAC · Sep 10, 2026Undisclosed City of Layton, UtahCity, Kihomac consider land-for-water credit agreement · Aug 20, 2026 City of Layton, UtahLand and Water Credit Agreement with Kihomac Approved · Aug 6, 2026Undisclosed Davis County, Utah$10 Million Industrial Development Bonds for Kihomac, Inc. · Jun 2, 2026 All Kihomac Inc contractsVendor profile

More St. Mary's County contracts

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Questions about this contract

Who was awarded the financial services contract by St. Mary's County?

Kihomac Inc was awarded this financial services contract by St. Mary's County, as recorded on December 23, 2025.

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 St. Mary's County Agreement Improvements to Commercial Real Property Tax Credit Agreement 2025-12-23 (Agreement), dated December 23, 2025 from St. Mary's County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kihomac Inc hold?

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

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