Peosta Commits $1.5M to Crosvik Development Project
City of PeostaCity · Peosta, IA- Disclosed value
- $1,500,000
- From contract
- Document date
- Oct 11, 2022
- Term
- 15 years
The 30-second brief
City of Peosta enters into a development agreement with Crosvik Development, L.L.C., committing to $1,500,000 in economic development tax increment payments over 15 years to support infrastructure improvements for a commercial development project. Payments are subject to annual appropriation by the City Council and will be made semiannually.
Crosvik Development holds this economic development tax increment payments contract with City of Peosta.
Term as filed: 15 years.
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Contract details
- Contract type
- Economic Development Tax Increment Payments
- Amount
- $1,500,000
- Document date
- October 11, 2022
- Term
- 15 years
- Vendor
- Crosvik Development
- Agency
- City of Peosta
- Source document
- city-of-peosta-contract-2022-10-11_e84.pdf (Contract)
Crosvik Development's other public contracts
More City of Peosta contracts
Questions about this contract
Who was awarded the economic development tax increment payments contract by City of Peosta?
Crosvik Development was awarded this economic development tax increment payments contract by City of Peosta, as recorded on October 11, 2022. The contract value is $1,500,000.
How much is the Crosvik Development contract with City of Peosta worth?
The Crosvik Development contract with City of Peosta is valued at $1,500,000, covering economic development tax increment payments work.
What type of contract is this?
This is a Economic Development Tax Increment Payments contract, documented as a contract record.
Where was this contract approved?
This contract appears in city-of-peosta-contract-2022-10-11_e84.pdf (Contract), dated October 11, 2022 from City of Peosta. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Crosvik Development hold?
Crosvik 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.
What is City of Peosta currently buying?
Explore City of Peosta's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.