Newton City Council Agenda November 2025
City projects TIF rebate to Theisen’s
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Description
Newton plans to provide an estimated $65,000 TIF-funded property tax rebate to Theisen’s in FY2026–2027 under the East Mart Urban Renewal program. The rebate supports prior development within the district.
Contract Details
Contract Amount
Estimated property tax rebate $65,000 for FY 2026/27
Vendor
THEISEN’S
Agency
City of Newton, IA
Contract Type
FINANCIAL_SERVICES
Document Date
November 17, 2025
Contract Term
Fiscal Year 2026–2027
Renewal Date
2027-06-30
Renewal Info
Part of a multi-year TIF rebate; annual amounts are certified and may adjust to actual taxes paid.
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