Newton City Council Agenda May 4 2026
Newton Approves TIF Rebate Payment to Theisen’s
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Description
Newton authorized a $50,568 TIF property tax rebate to Theisen’s for FY 2025-2026 under a 2021 development agreement for its store at 3021 1st Ave E. The rebate is funded from the East Mart Urban Renewal TIF Fund and reflects 100% of eligible TIF taxes paid.
Contract Details
Contract Amount
$50,568.00
Vendor
THEISEN’S
Agency
City of Newton, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Rebate for Fiscal Year 2025-2026 property taxes
Renewal Date
2026-06-30
Renewal Info
Action implements the FY 25-26 100% TIF rebate provision of the existing development agreement for Theisen’s; this payment covers that fiscal year.
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Newton City Council Agenda May 4 2026
Newton City Council Agenda May 4 2026
Newton City Council Agenda May 4 2026
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