Town of Georgetown Awards Financial Services Contract to Off the Rails Llc (December 2023)

Scope & details

The full contract record, as filed.

Contract amount

Property tax abatement on $380,000 real estate improvements and $260,000 manufacturing/IT equipment

Contract type

FINANCIAL_SERVICES

Contract term

6-year abatement period beginning with taxes on improvements starting after project completion (real property completion December 31, 2024; equipment completion December 31, 2025)

Renewal

Abatement follows a declining percentage schedule over six years for real property and four years for personal property, with full property taxes due thereafter. The Town Council may rescind the abatement if job creation and wage levels described in the SB-1 are not substantially reached and maintained during the abatement period.

Document type

Resolution

Source document

Town of Georgetown Resolution R-23-09 Statement of Benefits

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Georgetown?

Off the Rails Llc was awarded this financial services contract by Town of Georgetown, as recorded on December 18, 2023. The contract value is Property tax abatement on $380,000 real estate improvements and $260,000 manufacturing/IT equipment.

How much is the Off the Rails Llc contract with Town of Georgetown worth?

The Off the Rails Llc contract with Town of Georgetown is valued at Property tax abatement on $380,000 real estate improvements and $260,000 manufacturing/IT equipment, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Georgetown Resolution R-23-09 Statement of Benefits (Resolution), dated December 18, 2023 from Town of Georgetown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Off the Rails Llc hold?

Off the Rails 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 Off the Rails Llc's profile

What is Town of Georgetown currently buying?

Explore Town of Georgetown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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