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City of Newton Awards $760,000 Economic Development Tax Rebate Contract to Hotel Maytag Investors (January 2025)

City of Newton logoCity of Newton
Disclosed value
$760,000
From agreement
Approved
Jan 1, 2025
Term
June 1, 2022 – June 1, 2034

The 30-second brief

What it covers

Hotel Maytag Investors, LLC awarded a $760,000 economic development tax rebate by the City of Newton, payable in up to eleven payments from June 1, 2022 through June 1, 2034.

Who holds it

Hotel Maytag Investors holds this economic development tax rebate contract with City of Newton.

What happens next

Term as filed: June 1, 2022 – June 1, 2034.

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Contract details

Contract type
Economic Development Tax Rebate
Amount
$760,000
Document date
January 1, 2025
Term
June 1, 2022 – June 1, 2034
Vendor
Hotel Maytag Investors
Agency
City of Newton
Source document
city-of-newton-ninth-amendment-to-agreement-for-private-development_fa3.pdf (Agreement)

Hotel Maytag Investors's other public contracts

City of Newton, IowaProperty tax rebate approved for Hotel Maytag · Jun 2, 2025$35.1KCity of Newton, IowaHotel Maytag Investors, LLC awarded $35,093 property tax rebate · Jun 2, 2025$35.1KCity of Newton, IowaHotel Maytag gets $760K for redevelopment. · Apr 21, 2025$760KCity of Newton, IowaHotel Maytag gets $760,000 development agreement approved · Apr 7, 2025$760KAll Hotel Maytag Investors contractsVendor profile

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Questions about this contract

Who was awarded the economic development tax rebate contract by City of Newton?

Hotel Maytag Investors was awarded this economic development tax rebate contract by City of Newton, as recorded on January 1, 2025. The contract value is $760,000.

How much is the Hotel Maytag Investors contract with City of Newton worth?

The Hotel Maytag Investors contract with City of Newton is valued at $760,000, covering economic development tax rebate work.

What type of contract is this?

This is a Economic Development Tax Rebate contract, documented as a agreement record.

Where was this contract approved?

This contract appears in city-of-newton-ninth-amendment-to-agreement-for-private-development_fa3.pdf (Agreement), dated January 1, 2025 from City of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hotel Maytag Investors hold?

Hotel Maytag Investors 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 Newton currently buying?

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

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