Ongoing Reimbursement to Developer for Plaza Redevelopment
City of Cape GirardeauCity · MO- Disclosed value
- Reimbursements limited to $3,600,000 plus 7.5% interest; $99,277 reimbursed in FY2025; incremental County and City sales tax portion limited to $1,200,000
- From agendapacket
- Document date
- Feb 17, 2026
- Renews
- Free account
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THE 30-SECOND BRIEF
The City continues to reimburse Greater Missouri Builders, Inc. for the Town Plaza Redevelopment Project as outlined in a 2007 development agreement. Payments are based on incremental sales tax and CID revenues, with a fiscal year 2025 disbursement of $99,277.
Greater Missouri Builders Inc 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
- Reimbursements limited to $3,600,000 plus 7.5% interest; $99,277 reimbursed in FY2025; incremental County and City sales tax portion limited to $1,200,000
- Document date
- February 17, 2026
- Term
- Term limited to 20 years from start or until repaid, agreement entered July 2007, project completed at a cost of $3,203,308, city payments ongoing
- Renews
- Free account
- Agency
- City of Cape Girardeau
- Source document
- City of Cape Girardeau City Council Regular Session Agenda February 2026 (AgendaPacket)
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Questions about this contract
Who was awarded the development contract by City of Cape Girardeau?
Greater Missouri Builders Inc was awarded this development contract by City of Cape Girardeau, as recorded on February 17, 2026. The contract value is Reimbursements limited to $3,600,000 plus 7.5% interest; $99,277 reimbursed in FY2025; incremental County and City sales tax portion limited to $1,200,000.
How much is the Greater Missouri Builders Inc contract with City of Cape Girardeau worth?
The Greater Missouri Builders Inc contract with City of Cape Girardeau is valued at Reimbursements limited to $3,600,000 plus 7.5% interest; $99,277 reimbursed in FY2025; incremental County and City sales tax portion limited to $1,200,000, 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.
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What other contracts does Greater Missouri Builders Inc hold?
Greater Missouri Builders 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.
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.