Developer Reimbursed for Retail Project Improvements
City of Cape GirardeauCity · Cape Girardeau, MO- Disclosed value
- $2,998,434 plus 4% interest for original improvements; $2,024,360 for additional improvements; $145,659 reimbursed in FY2025
- From agendapacket
- Document date
- Feb 17, 2026
- Renews
- Free account
Know when this contract comes back up.
See the renewal dateFree account · 30-second setup · No credit card
THE 30-SECOND BRIEF
The City is paying an unnamed local real estate developer for public improvements related to a major retail development and Academy Sports. The agreement provides quarterly reimbursements from net sales tax revenues, with $145,659 paid in FY2025.
(Unnamed Local Real Estate Developer) holds this development contract with City of Cape Girardeau.
The renewal date is on record. A free account shows it, with the renewals for every City of Cape Girardeau contract.
Contract details
- Contract type
- Development
- Amount
- $2,998,434 plus 4% interest for original improvements; $2,024,360 for additional improvements; $145,659 reimbursed in FY2025
- Document date
- February 17, 2026
- Term
- Repayments continue until public improvements reimbursed; original agreement June 2004, amended October 2012; agreement remains until repaid or, for Academy Sports portion, 15 years from repayment start.
- Renews
- Free account
- Vendor
- (Unnamed Local Real Estate Developer)
- Agency
- City of Cape Girardeau
- Source document
- City of Cape Girardeau City Council Regular Session Agenda February 2026 (AgendaPacket)
More City of Cape Girardeau contracts
Questions about this contract
Who was awarded the development contract by City of Cape Girardeau?
(Unnamed Local Real Estate Developer) was awarded this development contract by City of Cape Girardeau, as recorded on February 17, 2026. The contract value is $2,998,434 plus 4% interest for original improvements; $2,024,360 for additional improvements; $145,659 reimbursed in FY2025.
How much is the (Unnamed Local Real Estate Developer) contract with City of Cape Girardeau worth?
The (Unnamed Local Real Estate Developer) contract with City of Cape Girardeau is valued at $2,998,434 plus 4% interest for original improvements; $2,024,360 for additional improvements; $145,659 reimbursed in FY2025, covering development work.
What type of contract is this?
This is a Development contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Cape Girardeau City Council Regular Session Agenda February 2026 (AgendaPacket), dated February 17, 2026 from City of Cape Girardeau. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 1 more question
What is City of Cape Girardeau currently buying?
Explore City of Cape Girardeau's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.