FINANCIAL_SERVICESAPPROVED

City of Wichita Awards Financial Services Contract to Vantage 906 Llc (February 2024)

The Wichita City Council approved a Resolution of Intent to issue up to $95 million in Industrial Revenue Bonds for Vantage 906, LLC to finance a 370-unit multifamily residential project, including a 10-year property tax abatement and a long-term lease for up to 185 parking spaces at 777 E Waterman.

Status
APPROVED
Document date
February 20, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Vantage 906 Llc
Agency
City of Wichita · KS

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TerraCycle logo
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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $95,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Resolution effective until December 31, 2027 unless extended; property tax abatement for 10 years; parking lease up to 30 years (360 months) with up to three 10-year renewal options
Renewal date
2054-03-01
Renewal
Parking lease: Initial term 30 years (360 months) with up to three 10-year renewal options; lease auto-renews unless terminated. Property tax abatement: 10 years (5+5).
Document type
Agenda
Source document
City of Wichita City Council Meeting Agenda February 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Wichita?

Vantage 906 Llc was awarded this financial services contract by City of Wichita, as recorded on February 20, 2024. The contract value is Not to exceed $95,000,000.

How much is the Vantage 906 Llc contract with City of Wichita worth?

The Vantage 906 Llc contract with City of Wichita is valued at Not to exceed $95,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Wichita City Council Meeting Agenda February 2024 (Agenda), dated February 20, 2024 from City of Wichita. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vantage 906 Llc hold?

Vantage 906 Llc 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 Vantage 906 Llc's profile

What is City of Wichita currently buying?

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