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Ex Nihilo LLC receives $765,000 economic development loan

City of Newton logoCity of Newton
Disclosed value
$765,000
From plan
Document date
Jul 21, 2025

The 30-second brief

What it covers

The City intends to enter into a development agreement with Ex Nihilo LLC. Total commitment of incremental property tax revenues with respect to the Public Market Project including the Forgivable Loan, and the Admin Fees will not exceed $765,000, plus any interest expense incurred by the City on the Obligations.

Who holds it

Ex Nihilo holds this economic development forgivable loan contract with City of Newton.

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Contract details

Contract type
Economic Development Forgivable Loan
Amount
$765,000
Document date
July 21, 2025
Term
NA
Vendor
Ex Nihilo
Agency
City of Newton
Source document
city-of-newton-urban-renewal-plan-amendment-july-2025_d83.pdf (Plan)

Ex Nihilo's other public contracts

City of Newton, IowaEx Nihilo Property Tax Rebate Approved · Sep 8, 2026$1KCity of Newton, IowaEx Nihilo to share in FY27 North Central TIF rebates · Jan 19, 2026City of Newton, IowaAgreement for dumpster corral for Gray Moon Market · Oct 1, 2025UndisclosedCity of Newton, Iowa$938 property tax rebate approved for Ex Nihilo · Sep 15, 2025$938City of Newton, IowaCity Approves $938 Tax Rebate for Ex Nihilo · Sep 15, 2025$938All Ex Nihilo contractsVendor profile

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Questions about this contract

Who was awarded the economic development forgivable loan contract by City of Newton?

Ex Nihilo was awarded this economic development forgivable loan contract by City of Newton, as recorded on July 21, 2025. The contract value is $765,000.

How much is the Ex Nihilo contract with City of Newton worth?

The Ex Nihilo contract with City of Newton is valued at $765,000, covering economic development forgivable loan work.

What type of contract is this?

This is a Economic Development Forgivable Loan contract, documented as a plan record.

Where was this contract approved?

This contract appears in city-of-newton-urban-renewal-plan-amendment-july-2025_d83.pdf (Plan), dated July 21, 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 Ex Nihilo hold?

Ex Nihilo 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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