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City of Logan Awards $100,000 Incentive Contract to DC1 (July 2019)

City of Logan logoCity of Logan
Disclosed value
$100,000
From meeting minutes
Approved
Jul 16, 2019

The 30-second brief

What it covers

DC1, LLC will receive 100% of the available property tax increment generated by its Project annually during the life of the Downtown Redevelopment Project Area, not to exceed $100,000 “Cap”.It is proposed that DC1, LLC will receive $300,000 from the RDA upon completion of its Project. All construction plans are to be approved by the City of Logan Community Development Department.

Who holds it

DC1 holds this incentive contract with City of Logan.

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Contract details

Contract type
Incentive
Amount
$100,000
Document date
July 16, 2019
Term
NA
Vendor
DC1
Agency
City of Logan
Source document
city-of-logan-meeting-minutes-2019-07-16_9d9.pdf (Meeting Minutes)

DC1's other public contracts

City of Logan, UtahDC1, LLC awarded $100K tax incentive for project · Jun 18, 2019$100KAll DC1 contractsVendor profile

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Questions about this contract

Who was awarded the incentive contract by City of Logan?

DC1 was awarded this incentive contract by City of Logan, as recorded on July 16, 2019. The contract value is $100,000.

How much is the DC1 contract with City of Logan worth?

The DC1 contract with City of Logan is valued at $100,000, covering incentive work.

What type of contract is this?

This is a Incentive contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-logan-meeting-minutes-2019-07-16_9d9.pdf (Meeting Minutes), dated July 16, 2019 from City of Logan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does DC1 hold?

DC1 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 Logan currently buying?

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

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