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City of Banning Awards $250,000 Exclusive Negotiating Agreement Contract to Industrial Vi (December 2023)

City of Banning logoCity of Banning
Disclosed value
$250,000
From resolution
Approved
Dec 12, 2023
Term
5 years

The 30-second brief

What it covers

City of Banning approves Exclusive Negotiating Agreement with Industrial VI Enterprises, LLC (Hillwood) for Banning Municipal Airport Properties. The agreement grants Hillwood exclusive negotiating rights for five years, with annual fees of $250,000.

Who holds it

Industrial Vi holds this exclusive negotiating agreement contract with City of Banning. Its other public contracts on record include work for City of Waxahachie and Town of Smyrna.

What happens next

Term as filed: 5 years.

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Contract details

Contract type
Exclusive Negotiating Agreement
Amount
$250,000
Document date
December 12, 2023
Term
5 years
Vendor
Industrial Vi
Agency
City of Banning
Source document
city_of_banning_resolution_approving_exclusive_neg.pdf (Resolution)

Industrial Vi's other public contracts

City of Waxahachie, TexasIndustrial VI Receives Assigned Development Agreement · Apr 6, 2026UndisclosedTown of Smyrna, TennesseeIndustrial VI gets Sewer and Gas funding contract · Sep 30, 2025$435KTown of Smyrna, TennesseeRutherford county development with key agreement · Sep 30, 2025$435KTown of Smyrna, TennesseeIndustrial VI Enterprises utility improvements construction agreement approved · Sep 10, 2025UndisclosedTown of Smyrna, TennesseeIndustrial VI Enterprises utility infrastructure construction agreement · Sep 10, 2025UndisclosedAll Industrial Vi contractsVendor profile

More City of Banning contracts

Cummins Sales & ServiceCummins Paid for Onsite City Equipment Service · Oct 20, 2026$860Herc Rentals IncHerc Rentals Paid for City Equipment Rental · Oct 20, 2026$261.7Standard & Poor's (S&p)Standard & Poor's Reviews City's Bond Rating · Oct 20, 2026UndisclosedPinnacle Petroleum IncPinnacle Petroleum Paid for Municipal Fleet Fuel · Oct 20, 2026$34.6KKimley-horn & Associates IncKimley-Horn Paid for Hargrave Engineering Services · Oct 20, 2026$117.2KAll City of Banning activityAgency profile

Questions about this contract

Who was awarded the exclusive negotiating agreement contract by City of Banning?

Industrial Vi was awarded this exclusive negotiating agreement contract by City of Banning, as recorded on December 12, 2023. The contract value is $250,000.

How much is the Industrial Vi contract with City of Banning worth?

The Industrial Vi contract with City of Banning is valued at $250,000, covering exclusive negotiating agreement work.

What type of contract is this?

This is a Exclusive Negotiating Agreement contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city_of_banning_resolution_approving_exclusive_neg.pdf (Resolution), dated December 12, 2023 from City of Banning. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Industrial Vi hold?

Industrial Vi 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 Banning currently buying?

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

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