arrowhead-community-improvement-district-proposed-budget-fye-6-30-2026_744.pdf
CID budgets $300,000 for Developer Advances repayment
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Description
The Arrowhead Community Improvement District budgets $300,000.00 in FY 2026 to repay principal and interest on Developer Advances under its cooperative agreement with the City and the Developer. These payments reimburse upfront project costs financed by the developer.
Contract Details
Contract Amount
$300,000.00
Vendor
DEVELOPER
Agency
Housing Authority of the city of Independence, MO
Contract Type
FINANCIAL_SERVICES
Document Date
May 9, 2026
Contract Term
Ongoing repayment; fiscal year ending June 30, 2026 budgeted payments
Renewal Info
Repayment terms, including interest, are defined in the Cooperative Agreement between the City, the CID, and the Developer; repayment continues annually until advances and interest are fully satisfied.
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PENDINGIssuing Agency
Housing Authority of the city of Independence
Local Housing Authority
Independence, MO
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arrowhead-community-improvement-district-proposed-budget-fye-6-30-2026_744.pdf
arrowhead-community-improvement-district-proposed-budget-fye-6-30-2026_744.pdf
arrowhead-community-improvement-district-proposed-budget-fye-6-30-2026_744.pdf
arrowhead-community-improvement-district-proposed-budget-fye-6-30-2026_744.pdf
City of Independence City Council Meeting Agenda May 4 2026
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