City structures forgivable TIF loan for BCG project
City of KokomoCity · Kokomo, IN- Disclosed value
- $________ (up to $________, principal not to exceed $________)
- From agendapacket
- Document date
- May 18, 2026
The 30-second brief
The City of Kokomo is entering into a Forgivable Loan Agreement with Brown Capital Group Contracts, LLC to fund a taxable economic development revenue note for a 192-unit multifamily project in the BCG Economic Development Area. The TIF-backed loan is secured by a junior mortgage and may be fully forgiven at maturity if project performance and compliance conditions are satisfied.
Brown Capital Group Contracts LLC holds this financial services contract with City of Kokomo. Its other public contracts on record include work for City of Evansville.
Term as filed: Maturity date __________, 203__ (Series 2026 Note) with loan agreement dated as of ________ 1, 2026.
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Contract details
- Contract type
- Financial Services
- Amount
- $________ (up to $________, principal not to exceed $________)
- Document date
- May 18, 2026
- Term
- Maturity date __________, 203__ (Series 2026 Note) with loan agreement dated as of ________ 1, 2026
- Agency
- City of Kokomo
- Source document
- City of Kokomo Common Council Agenda Packet 2026-05-18 (AgendaPacket)
Brown Capital Group Contracts LLC's other public contracts
More City of Kokomo contracts
Questions about this contract
Who was awarded the financial services contract by City of Kokomo?
Brown Capital Group Contracts LLC was awarded this financial services contract by City of Kokomo, as recorded on May 18, 2026.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Kokomo Common Council Agenda Packet 2026-05-18 (AgendaPacket), dated May 18, 2026 from City of Kokomo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Brown Capital Group Contracts LLC hold?
Brown Capital Group Contracts 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.
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