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City of Bonner Springs Awards Financial Services Contract to Scannell Properties LLC (January 2025)

City of Bonner Springs
Disclosed value
$50,000,000 (maximum principal amount of IRBs)
From agenda
Approved
Jan 27, 2025
Renews
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The 30-second brief

What it covers

The Bonner Springs City Council approved an amended Resolution of Intent to issue up to $50 million in industrial revenue bonds for Scannell Properties, LLC for its Building 2 development, providing a 70% property tax abatement over a 10-year term. The agreement is conditioned on community benefit contributions and project completion by 2026.

Who holds it

Scannell Properties LLC holds this financial services contract with City of Bonner Springs. Its other public contracts on record include work for City of Manteca and Lakota Local Schools.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Bonner Springs contract.

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Contract details

Contract type
Financial Services
Amount
$50,000,000 (maximum principal amount of IRBs)
Document date
January 27, 2025
Term
Until December 31, 2026 for the resolution; PILOT/abatement term is 10 calendar years following bond issuance
Renews
Free account
Vendor
Scannell Properties LLC
Agency
City of Bonner Springs
Source document
City of Bonner Springs City Council Agenda January 27 2025 (Agenda)

Scannell Properties LLC's other public contracts

City of Manteca, CaliforniaManteca Partners With Scannell On Entitlement Agreement · Jun 16, 2026UndisclosedCity of Manteca, CaliforniaScannell Properties Included in Property Agreement · Jun 16, 2026UndisclosedLakota Local Schools, OhioScannell Properties named as TIF development partner · Jun 1, 2026UndisclosedCity of Fenton, MissouriScannell Properties truck terminal site plan up for vote · May 28, 2026UndisclosedCity of Fenton, MissouriSite Plan for Truck Terminal Approved for Scannell Properties · May 5, 2026UndisclosedAll Scannell Properties LLC contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Bonner Springs?

Scannell Properties LLC was awarded this financial services contract by City of Bonner Springs, as recorded on January 27, 2025. The contract value is $50,000,000 (maximum principal amount of IRBs).

How much is the Scannell Properties LLC contract with City of Bonner Springs worth?

The Scannell Properties LLC contract with City of Bonner Springs is valued at $50,000,000 (maximum principal amount of IRBs), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Bonner Springs City Council Agenda January 27 2025 (Agenda), dated January 27, 2025 from City of Bonner Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Scannell Properties LLC hold?

Scannell Properties LLC 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 Bonner Springs currently buying?

Explore City of Bonner Springs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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