Council Considers Incentive Agreement with Fortuna Bank

Council held the second reading of an ordinance to authorize a ten-year Incentive Agreement with FORTUNA BANK, offering a 25% tax credit to support the bank’s location in the city. The measure remains under consideration pending further council action.

Document date · May 1, 2023

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Ten-year agreement

Renewal

Proposed ten-year incentive agreement with a 25% tax credit; no renewal or extension provisions described.

Document type

Minutes

Source document

The City of Grandview Heights City Council Proceedings 2023-05-01

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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 Grandview?

Fortuna Bank was awarded this financial services contract by Town of Grandview, as recorded on May 1, 2023.

What type of contract is this?

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

Where was this contract approved?

This contract appears in The City of Grandview Heights City Council Proceedings 2023-05-01 (Minutes), dated May 1, 2023 from Town of Grandview. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fortuna Bank hold?

Fortuna Bank 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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