City of Portage Awards $3,138,206 Development And Reimbursement Agreement Contract to American Village Development (May 2025)
City of PortageCity · Portage, MI- Disclosed value
- $3,138,206
- From agreement
- Approved
- May 23, 2025
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THE 30-SECOND BRIEF
American Village Development II, LLC awarded $3,138,206 brownfield reimbursement agreement for McConley Cove housing development, with reimbursement starting in 2027 and lasting up to 17 years.
American Village Development holds this development and reimbursement agreement contract with City of Portage. Its other public contracts on record include work for Town of Richland and Town of Texas charter.
Term as filed: 2027 – 17 years from commencement of Tax Increment Revenue capture.
Contract details
- Contract type
- Development And Reimbursement Agreement
- Amount
- $3,138,206
- Document date
- May 23, 2025
- Term
- 2027 – 17 years from commencement of Tax Increment Revenue capture
- Agency
- City of Portage
- Source document
- city-of-portage-development-agreement-and-brownfield-reimbursement-agreement_d6f.pdf (Agreement)
American Village Development's other public contracts
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Questions about this contract
Who was awarded the development and reimbursement agreement contract by City of Portage?
American Village Development was awarded this development and reimbursement agreement contract by City of Portage, as recorded on May 23, 2025. The contract value is $3,138,206.
How much is the American Village Development contract with City of Portage worth?
The American Village Development contract with City of Portage is valued at $3,138,206, covering development and reimbursement agreement work.
What type of contract is this?
This is a Development And Reimbursement Agreement contract, documented as a agreement record.
Where was this contract approved?
This contract appears in city-of-portage-development-agreement-and-brownfield-reimbursement-agreement_d6f.pdf (Agreement), dated May 23, 2025 from City of Portage. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does American Village Development hold?
American Village 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 Portage currently buying?
Explore City of Portage's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.