FINANCIAL_SERVICESRECOMMENDED

Jordan weighs LOC reduction for Beaumont Bluffs

The City of Jordan is considering a request from JMH Land Development to reduce its development letter of credit for the Beaumont Bluffs 5th Addition from $1,121,568.30 to $357,266.44, reflecting remaining work and required security. The remaining LOC will secure wear course paving and perimeter trail construction in accordance with the development agreement.

Document date · February 9, 2026

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Letter of credit reduction from $1,121,568.30 to $357,266.44 (remaining work contract value $272,203.00)
Contract type
FINANCIAL_SERVICES
Renewal
Letter of Credit 144072195906 for Beaumont Bluffs 5th Addition was originally set May 2, 2025 at $3,521,920.11, amended October 14, 2025 to $1,121,568.30, and is now requested to be reduced to $357,266.44, calculated as 125% of remaining work plus 5% for engineering and administration.
Document type
StaffReport
Source document
City of Jordan StaffReport Letter of Credit Reduction – Beaumont Bluffs 5th Addition 2026-02-09

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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 Jordan?

Jmh Land Development was awarded this financial services contract by City of Jordan, as recorded on February 9, 2026. The contract value is Letter of credit reduction from $1,121,568.30 to $357,266.44 (remaining work contract value $272,203.00).

How much is the Jmh Land Development contract with City of Jordan worth?

The Jmh Land Development contract with City of Jordan is valued at Letter of credit reduction from $1,121,568.30 to $357,266.44 (remaining work contract value $272,203.00), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Jordan StaffReport Letter of Credit Reduction – Beaumont Bluffs 5th Addition 2026-02-09 (StaffReport), dated February 9, 2026 from City of Jordan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Jmh Land Development hold?

Jmh Land Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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