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City of Newton Awards $760,000 Development Agreement Contract to Hotel Maytag Investors (April 2025)

City of Newton logoCity of Newton
Disclosed value
$760,000
From resolution
Approved
Apr 21, 2025

The 30-second brief

What it covers

City Council approved amending the Development Agreement with Hotel Maytag Investors, LLC, increasing payments from $360,000 to $760,000 and adjusting the timeline for the payments related to redevelopment project in the Urban Renewal Area.

Who holds it

Hotel Maytag Investors holds this development agreement contract with City of Newton.

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Contract details

Contract type
Development Agreement
Amount
$760,000
Document date
April 21, 2025
Term
NA
Vendor
Hotel Maytag Investors
Agency
City of Newton
Source document
city-of-newton-resolution-approving-amended-development-agreement_ff0.pdf (Resolution)

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 $760,000 development agreement approved · Apr 7, 2025$760KCity of Newton, IowaHotel Maytag Investors awarded $760K tax increment rebate · Jan 1, 2025$760KAll Hotel Maytag Investors contractsVendor profile

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Questions about this contract

Who was awarded the development agreement contract by City of Newton?

Hotel Maytag Investors was awarded this development agreement contract by City of Newton, as recorded on April 21, 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 development agreement work.

What type of contract is this?

This is a Development Agreement contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city-of-newton-resolution-approving-amended-development-agreement_ff0.pdf (Resolution), dated April 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 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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