OTHERAPPROVED

Council Approves RRIF Offset for 5 Ridges Development

Council approved a Regional Road Impact Fee Offset Agreement with 5 Ridges Development Company Inc., enabling RTC to grant up to $6,726,290 in waivers for improvements to Highland Ranch Parkway. This offsets future impact fees for the developer.

Document date · May 12, 2025

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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
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Scope & details

The full contract record, as filed.

Contract amount
$6,726,290 (waivers)
Contract type
OTHER
Renewal
Waiver agreement applies as eligible improvements are completed; not renewable.
Document type
Minutes
Source document
City of Sparks Council Meeting Minutes May 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Sparks?

5 Ridges Development Company Inc was awarded this government contract by Town of Sparks, as recorded on May 12, 2025. The contract value is $6,726,290 (waivers).

How much is the 5 Ridges Development Company Inc contract with Town of Sparks worth?

The 5 Ridges Development Company Inc contract with Town of Sparks is valued at $6,726,290 (waivers).

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Sparks Council Meeting Minutes May 2025 (Minutes), dated May 12, 2025 from Town of Sparks. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 5 Ridges Development Company Inc hold?

5 Ridges Development Company Inc 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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