For many years, the large building that used to house the MCI TTY business in Riverbank has sat vacant or partially occupied so when Boyett Petroleum announced their plans to relocate their administrative and business offices to the building, many were pleased to learn that the building would be occupied again on a long-term basis. Scott Castle, President of Boyett Petroleum, was on hand at some of the recent City Council meetings to share why Boyett chose the ‘City of Action’ as the future home for their new office.
“We love Riverbank and we love the people and we want to be part of that,” said Castle.
Working with the City Council, Boyett Petroleum has agreed to participate in an Economic Incentive Agreement, which provides a certain percentage of money from profits generated by Boyett Petroleum to the City of Riverbank for a specific period of time. Final figures are still being negotiated but some of the councilmembers proposed a 50/50 agreement that would remain in place for a term of 20 years with Boyett and the City of Riverbank being equal partners in the agreement. Castle noted that Boyett Petroleum has had agreements like this with other community partners in the past inc...