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City is Authorizing Economic Development Agreement with Veera 3 LLC

Town of Ellison
Disclosed value
$418,500
From agenda
Document date
Jan 21, 2025
Term
10 years

The 30-second brief

What it covers

Proposed renovations to property at 20 Central Boulevard. The project is eligible for incentives including property reimbursements. The Development Agreement would reimburse 75% of the incremental property taxes for 10 years, generated as a result of the project's completion, up to $83,700.

Who holds it

Veera 3 holds this economic development contract with Town of Ellison. Its other public contracts on record include work for Town of Highland and City of Highland.

What happens next

Term as filed: 10 years.

See who signed off on this $418.5K contract.

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Contract details

Contract type
Economic Development
Amount
$418,500
Document date
January 21, 2025
Term
10 years
Vendor
Veera 3
Agency
Town of Ellison
Source document
town-of-ellison-agenda-2025-01-21_ec5.pdf (Agenda)

Veera 3's other public contracts

Town of Highland, North DakotaDevelopment Agreement Approved for Veera 3, LLC · Jan 21, 2025UndisclosedTown of Highland, North DakotaVeera 3, LLC Project Development Agreement · Jan 21, 2025UndisclosedTown of Highland, North DakotaVeera 3, LLC gets development agreement approved · Jan 21, 2025UndisclosedTown of Highland, North DakotaSeasons Inn renovation and development in Highland · Jan 21, 2025$83.7KCity of Highland, IllinoisEconomic incentives approved for Veera 3 LLC · Jan 21, 2025$83.7KAll Veera 3 contractsVendor profile

More Town of Ellison contracts

Evergreen RoadworksEvergreen Roadworks Awarded $47K Motor Fuel Contract · Jul 21, 2025$47.1KBeelman LogisticsBeelman Logistics Awarded $93K Motor Fuel Contract · Jul 21, 2025$93.1KEj Equipment IncSewer cleaner truck under consideration · Jul 21, 2025$602KPiasa Road Oil LLCPiasa Road Oil Awarded $141K Motor Fuel Contract · Jul 21, 2025$141.3KEj Equipment IncEllison City Council Approves Purchase of Sewer Cleaner Truck · Jul 21, 2025UndisclosedAll Town of Ellison activityAgency profile

Questions about this contract

Who was awarded the economic development contract by Town of Ellison?

Veera 3 was awarded this economic development contract by Town of Ellison, as recorded on January 21, 2025. The contract value is $418,500.

How much is the Veera 3 contract with Town of Ellison worth?

The Veera 3 contract with Town of Ellison is valued at $418,500, covering economic development work.

What type of contract is this?

This is a Economic Development contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-ellison-agenda-2025-01-21_ec5.pdf (Agenda), dated January 21, 2025 from Town of Ellison. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Veera 3 hold?

Veera 3 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 Town of Ellison currently buying?

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

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