OTHERAPPROVED

$3.4 Million Development Agreement with Wesley Retirement Services

City of Indianola approved a development agreement with Wesley Retirement Services, Inc. to provide up to $3.4 million in economic development grants for construction of senior housing and infrastructure, paid over up to 10 years via tax increment financing.

Document date · January 6, 2025

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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 $3,400,000 in Economic Development Grants
Contract type
OTHER
Contract term
Up to 10 annual payments; terminates upon earliest of 10 grants, TIF expiry, $3.4M cap, or project completion/termination
Renewal
Agreement terminates at the earliest of 10 grants, full grant cap, expiration of TIF revenues, or termination by agreement. Annual review and LMI set-aside requirements included.
Document type
Agenda
Source document
City of Indianola Council Meeting Agenda January 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Indianola?

Wesley Retirement Services Inc was awarded this government contract by City of Indianola, as recorded on January 6, 2025. The contract value is Not to exceed $3,400,000 in Economic Development Grants.

How much is the Wesley Retirement Services Inc contract with City of Indianola worth?

The Wesley Retirement Services Inc contract with City of Indianola is valued at Not to exceed $3,400,000 in Economic Development Grants.

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 Indianola Council Meeting Agenda January 2025 (Agenda), dated January 6, 2025 from City of Indianola. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wesley Retirement Services Inc hold?

Wesley Retirement Services Inc 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 Wesley Retirement Services Inc's profile

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