City of Alexander Awards $457,837 Tax Abatement Contract to Runestone Hospitality Group (February 2025)
City of AlexanderCity · AR- Disclosed value
- $457,837
- From meeting minutes
- Approved
- Feb 24, 2025
- Term
- 8 years
The 30-second brief
The City Council approves a tax abatement of up to $457,837 for Runestone Hospitality Group, LLC over a maximum of 8 years to assist in financing the construction of a Holiday Inn Express.
Runestone Hospitality Group holds this tax abatement contract with City of Alexander. Its other public contracts on record include work for HRA of ALEXANDRIA, MINNESOTA and Town of Krain.
Term as filed: 8 years.
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Contract details
- Contract type
- Tax Abatement
- Amount
- $457,837
- Document date
- February 24, 2025
- Term
- 8 years
- Agency
- City of Alexander
- Source document
- city-of-alexander-meeting-minutes-2025-02-24_73f.pdf (Meeting Minutes)
Runestone Hospitality Group's other public contracts
More City of Alexander contracts
Questions about this contract
Who was awarded the tax abatement contract by City of Alexander?
Runestone Hospitality Group was awarded this tax abatement contract by City of Alexander, as recorded on February 24, 2025. The contract value is $457,837.
How much is the Runestone Hospitality Group contract with City of Alexander worth?
The Runestone Hospitality Group contract with City of Alexander is valued at $457,837, covering tax abatement work.
What type of contract is this?
This is a Tax Abatement contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-alexander-meeting-minutes-2025-02-24_73f.pdf (Meeting Minutes), dated February 24, 2025 from City of Alexander. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Runestone Hospitality Group hold?
Runestone Hospitality Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Alexander currently buying?
Explore City of Alexander's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.