CONTRACTAPPROVED

Janesville Area MPO Awards $1,897,749 Tif Development Agreement Contract to Pontiac Place Hotel (April 2022)

Janesville Area MPO
Disclosed value
$1,897,749.01
From resolution
Approved
Apr 25, 2022
Term
12 years

The 30-second brief

What it covers

City approves TIF Development Agreement with Pontiac Place Hotel Associates 2 for hotel construction, with a maximum incentive of $1,897,749.01 over 12 years based on tax increments.

Who holds it

Pontiac Place Hotel holds this tif development agreement contract with Janesville Area MPO. Its other public contracts on record include work for Janesville Neighborhood & Community Services and City of Janesville.

What happens next

Term as filed: 12 years.

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Contract details

Contract type
Tif Development Agreement
Amount
$1,897,749.01
Document date
April 25, 2022
Term
12 years
Source document
janesville-area-mpo-resolution-2022-04-25_1e8.pdf (Resolution)

Pontiac Place Hotel's other public contracts

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Questions about this contract

Who was awarded the tif development agreement contract by Janesville Area MPO?

Pontiac Place Hotel was awarded this tif development agreement contract by Janesville Area MPO, as recorded on April 25, 2022. The contract value is $1,897,749.01.

How much is the Pontiac Place Hotel contract with Janesville Area MPO worth?

The Pontiac Place Hotel contract with Janesville Area MPO is valued at $1,897,749.01, covering tif development agreement work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in janesville-area-mpo-resolution-2022-04-25_1e8.pdf (Resolution), dated April 25, 2022 from Janesville Area MPO. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Pontiac Place Hotel hold?

Pontiac Place Hotel 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 Janesville Area MPO currently buying?

Explore Janesville Area MPO's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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