OTHERPLANNED

Public Infrastructure Grants Linked to Senior Housing Expansion

The City is planning to enter a development agreement with Wesley Retirement Services, Inc. for infrastructure improvements related to The Village housing expansion, with costs reimbursed by grant payments funded by tax increment revenue.

Document date · December 10, 2024

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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
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $3,400,000
Contract type
OTHER
Contract term
Up to 10 years or until the maximum grant amount or tax increment expires, earliest of conditions; projected to begin 2025
Renewal date
2035-12-31
Renewal
Grant/contract concludes with 10 years or $3.4M paid, as specified in agreement.
Document type
Agenda
Source document
Indianola Planning and Zoning Commission Agenda December 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Indianola?

Wesley Retirement Services Inc was awarded this government contract by City of Indianola, as recorded on December 10, 2024. The contract value is Not to exceed $3,400,000.

How much is the Wesley Retirement Services Inc contract with City of Indianola worth?

The Wesley Retirement Services Inc contract with City of Indianola is valued at Not to exceed $3,400,000.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Indianola Planning and Zoning Commission Agenda December 2024 (Agenda), dated December 10, 2024 from City of Indianola. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wesley Retirement Services Inc hold?

Wesley Retirement Services 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.

View Wesley Retirement Services Inc's profile

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