Newton City Council Agenda June 17 2024
McCann Housing Receives $21,676 Tax Rebate from City
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Description
The Newton City Council approved a property tax rebate of $21,676.89 to McCann Housing Associates, LP for the second half of FY 2023-2024, per the established Development Agreement covering TIF-eligible property tax payments.
Contract Details
Contract Amount
$21,676.89
Vendor
MCCANN HOUSING ASSOCIATES LP
Agency
City of Newton, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 17, 2024
Contract Term
Second half of fiscal year 2023-2024
Renewal Date
2024-06-30
Renewal Info
Annual rebate as defined by development agreement; applies to TIF taxes paid for the fiscal year.
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