Newton City Council Agenda November 2024
Council Approves Tax Rebate for McCann Housing Associates
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Description
McCann Housing Associates, LP received council approval for a $48,157.37 property tax rebate under the McCann Urban Renewal Area TIF agreement for FY2024-2025.
Contract Details
Contract Amount
$48,157.37 property tax rebate
Vendor
MCCANN HOUSING ASSOCIATES LP
Agency
City of Newton, IA
Contract Type
FINANCIAL_SERVICES
Document Date
November 18, 2024
Contract Term
For FY2024-25 (first half taxes paid, rebate for that period)
Renewal Date
2025-06-30
Renewal Info
Annual rebate per development agreement; FY2024-25 represents the current rebate cycle.
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