A Resolution approving the Granting of an inducement to Infineon Technologies LLC, or its successor or affiliate, pursuant to the Ky. Business Investment Act (KRS Subchapter 154.32), whereby the Lexington-Fayette Urban County Government agrees to rebate annually one percent (1%) of the Company’s occupational license fees for a term of no longer than ten (10) years from the activation date, subject to the limitations contained in the Act and any Agreement with the Ky. Economic Development Finance Authority or the Urban County Government related to the project, and taking other related action. [Mayor's Office, Atkins]
What this record is
- Held by
- Infineon Technologies LLC
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Technology
technology contracts in KY that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Urban County Council
- Requested by
- Mayor’s Office
- Introduced
- May 30, 2024
- On agenda
- June 27, 2024
- Passed
- June 27, 2024
- Enacted
- June 27, 2024
- Enactment no.
- R-313-2024
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