City of Mishawaka Awards Financial Services Contract to Kittle Property Group (July 2025)
- Disclosed value
- Approximately $100,000 per year, escalates annually, 20-year term
- From minutes
- Approved
- Jul 7, 2025
- Renews
- Free account
The 30-second brief
The Mishawaka Common Council approved a Payment in Lieu of Taxes (PILOT) agreement with Kittle Property Group for the Stoneleaf Reserve senior apartment project at 15503 Douglas Road. The 20-year agreement secures approximately $100,000 per year in escalating payments, ensuring the development provides affordable senior housing and generates predictable city revenue.
Kittle Property Group holds this financial services contract with City of Mishawaka. Its other public contracts on record include work for City of Grandview and City of Seguin.
The renewal date is on record. A free account shows it, with the renewals for every City of Mishawaka contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $100,000 per year, escalates annually, 20-year term
- Document date
- July 7, 2025
- Term
- 20 years (with affordability covenant for 40 years); starts at financial closing, first building in 1-1.5 years, all buildings completed in 2 years
- Renews
- Free account
- Vendor
- Kittle Property Group
- Agency
- City of Mishawaka
- Source document
- Mishawaka Common Council Minutes July 2025 (Minutes)
Kittle Property Group's other public contracts
More City of Mishawaka contracts
Questions about this contract
Who was awarded the financial services contract by City of Mishawaka?
Kittle Property Group was awarded this financial services contract by City of Mishawaka, as recorded on July 7, 2025. The contract value is Approximately $100,000 per year, escalates annually, 20-year term.
How much is the Kittle Property Group contract with City of Mishawaka worth?
The Kittle Property Group contract with City of Mishawaka is valued at Approximately $100,000 per year, escalates annually, 20-year term, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Mishawaka Common Council Minutes July 2025 (Minutes), dated July 7, 2025 from City of Mishawaka. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Kittle Property Group hold?
Kittle Property Group 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 Mishawaka currently buying?
Explore City of Mishawaka's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.