PROFESSIONAL_SERVICESRECOMMENDED

Development Agreement with Arc Central LLC in TIF 10

Stevens Point plans to approve a development agreement with Arc Central LLC, providing $200,000 in incentives and selling city land for $1,000 for a new downtown condo project in TIF District 10. The project must begin by September 2026 and complete by December 2027, guaranteeing minimum tax payments for 20 years.

Status
RECOMMENDED
Document date
March 8, 2026
Contract type
PROFESSIONAL_SERVICES
Vendor
Arc Central Llc
Agency
City of Stevens Point · WI

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$200,000 City support (incentive) plus land sold for $1,000; Incentive paid $100,000 at 50% completion and $100,000 on occupancy permit. Environmental investigation/plan aide valued $18,500 sought.
Contract type
PROFESSIONAL_SERVICES
Contract term
Project completion by December 31, 2027; Guaranteed Payment through tax year 2046 (payable 2047); Agreement term to December 31, 2047.
Renewal date
2047-12-31
Renewal
Not an auto-renewal; guaranteed minimum tax for 20 years; agreement term through 2047; assignment allowed under some conditions.
Document type
Agenda
Source document
City of Stevens Point Finance Committee Agenda March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City of Stevens Point?

Arc Central Llc was awarded this professional services contract by City of Stevens Point, as recorded on March 8, 2026. The contract value is $200,000 City support (incentive) plus land sold for $1,000; Incentive paid $100,000 at 50% completion and $100,000 on occupancy permit. Environmental investigation/plan aide valued $18,500 sought..

How much is the Arc Central Llc contract with City of Stevens Point worth?

The Arc Central Llc contract with City of Stevens Point is valued at $200,000 City support (incentive) plus land sold for $1,000; Incentive paid $100,000 at 50% completion and $100,000 on occupancy permit. Environmental investigation/plan aide valued $18,500 sought., covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Stevens Point Finance Committee Agenda March 2026 (Agenda), dated March 8, 2026 from City of Stevens Point. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Arc Central Llc hold?

Arc Central 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 Arc Central Llc's profile

What is City of Stevens Point currently buying?

Explore City of Stevens Point's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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