Boyett Petroleum economic incentive agreement
Summary
Fuel wholesaler Boyett will move its headquarters to 6436 Oakdale Road with about 150 employees, and the city gets new sales tax revenue — but the council renegotiated the deal so Riverbank keeps 60% of the new revenue instead of 40%, over 20 years instead of 25. A future workshop will decide whether the city's share funds parks and other one-time projects.
At a glance
- Total mentions
- 3
- Last 30 days
- 2
Discussed at 1 meeting in the last 60 days; most recently Oct 27, 2026.
Impact analysis
Based on 2025 sales, the deal could net the city about $195,000 a year in new sales tax revenue it wouldn't otherwise see.
The city's general fund gains new revenue, 150 employees relocate to Riverbank, and nearby small businesses get more foot traffic.
Small-business advocates worry the precedent of large rebates could disadvantage smaller local businesses; Council Member Call preferred a 50/50 split.
Mentions & discussions (2)
City Council / Local Redevelopment Authority - Oct 27, 2026
Boyett Petroleum is consolidating all its California fuel sales to its new Riverbank headquarters, bringing the city sales tax it otherwise wouldn't see. The city keeps 60% and rebates 40% back to the company for 25 years. It's net-new revenue with low risk, but some residents had wanted a 50/50 split.
City Council / Local Redevelopment Authority - Sep 8, 2026
Fuel wholesaler Boyett will move its headquarters to 6436 Oakdale Road with about 150 employees, and the city gets new sales tax revenue — but the council renegotiated the deal so Riverbank keeps 60% of the new revenue instead of 40%, over 20 years instead of 25. A future workshop will decide whether the city's share funds parks and other one-time projects.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Riverbank
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.