Civic IQ
OTHERAPPROVED

TIF #23 development agreement with SCI Development

The City Council will authorize the City Manager to execute a Development Agreement with SCI Development, LLC for Tax Increment Financing District Number Twenty-Three, providing a grant of up to $2,105,215 funded by tax increment revenues. The agreement supports construction of public infrastructure for an affordable housing project under the TIF plan.

Document date · April 20, 2026

Issuing agencyCity of WatertownVendorSci Development Llc

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $2,105,215
Contract type
OTHER
Contract term
Through the earlier of full grant payment, termination under agreement, or 20th anniversary of TID creation
Renewal
Agreement term ends upon payment of the full $2,105,215 grant, earlier termination for default, or the 20th anniversary of TID creation; no automatic renewal.
Document type
Agenda
Source document
City of Watertown City Council Agenda April 20 2026

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South Dakota Housing Development Authority Minutes Board of Commissioners Meeting 2026-09-08
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City of Watertown, South DakotaNot to exceed $2,105,215Mar 19, 2026
City of Watertown City Council Meeting Agenda February 2, 2026
APPROVED
City of Watertown, South DakotaFeb 2, 2026
City of Watertown City Council Agenda January 20 2026
PENDING
City of Watertown, South DakotaJan 20, 2026
Watertown City Council Minutes January 2026
APPROVED
City of Watertown, South DakotaJan 20, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Watertown?

Sci Development Llc was awarded this government contract by City of Watertown, as recorded on April 20, 2026. The contract value is Not to exceed $2,105,215.

How much is the Sci Development Llc contract with City of Watertown worth?

The Sci Development Llc contract with City of Watertown is valued at Not to exceed $2,105,215.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Watertown City Council Agenda April 20 2026 (Agenda), dated April 20, 2026 from City of Watertown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sci Development Llc hold?

Sci Development 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.

View Sci Development Llc's profile

What is City of Watertown currently buying?

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