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FINANCIAL_SERVICESEXTENDED

City of Wichita Council Meeting Agenda May 5, 2026

IRB Letter of Intent Extended for Commonwealth Development

City of WichitaCOMMONWEALTH DEVELOPMENT CORPORATIONMay 5, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The City Council will vote on extending Commonwealth Development Corporation’s Industrial Revenue Bond Letter of Intent and related resolution through December 31, 2027. The extension maintains the developer’s access to IRB financing for its project.

Contract Details

Vendor

COMMONWEALTH DEVELOPMENT CORPORATION

Agency

City of Wichita, KS

Contract Type

FINANCIAL_SERVICES

Document Date

May 5, 2026

Contract Term

Through December 31, 2027

Renewal Date

2027-12-31

Renewal Info

Letter of Intent and associated resolution are extended to December 31, 2027, providing additional time to close on Industrial Revenue Bonds.

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