City plans 10-year tax rebate deal with BSPROPS

The Finance & Personnel Committee supported a proposed 10-year, nontransferable tax rebate agreement with BSPROPS, LLC for 115 S Clark Street. The rebate percentage will be set to keep the owner’s property taxes at the current level of $7,772.00 annually, with final agreement drafting contingent on the outcome of a valuation protest.

Document date · April 13, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Rebate amount sufficient to reduce taxes to current taxes paid of $7,772.00 annually

Contract type

OTHER

Contract term

10 years

Renewal

Initial proposed term is 10 years and nontransferable; no renewals or extensions discussed.

Document type

Minutes

Source document

City of Maquoketa Finance & Personnel Committee Minutes 2026-04-13

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Maquoketa?

Bsprops Llc was awarded this government contract by City of Maquoketa, as recorded on April 13, 2026. The contract value is Rebate amount sufficient to reduce taxes to current taxes paid of $7,772.00 annually.

How much is the Bsprops Llc contract with City of Maquoketa worth?

The Bsprops Llc contract with City of Maquoketa is valued at Rebate amount sufficient to reduce taxes to current taxes paid of $7,772.00 annually.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Maquoketa Finance & Personnel Committee Minutes 2026-04-13 (Minutes), dated April 13, 2026 from City of Maquoketa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bsprops Llc hold?

Bsprops 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 Bsprops Llc's profile

What is City of Maquoketa currently buying?

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

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