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Economic incentives approved for Veera 3 LLC

City of Highland logoCity of Highland
Disclosed value
$83,700
From agenda
Document date
Jan 21, 2025
Term
10 years

The 30-second brief

What it covers

City of Highland approves economic incentives of upto $83,700 for Veera 3 LLC, for substantial improvements totaling $418,500 at Seasons Inn. The Development Agreement would reimburse 75% of the incremental property taxes for 10 years, generated as a result of the project's completion.

Who holds it

Veera 3 holds this economic development contract with City of Highland. Its other public contracts on record include work for Town of Ellison and Town of Highland.

What happens next

Term as filed: 10 years.

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Contract details

Contract type
Economic Development
Amount
$83,700
Document date
January 21, 2025
Term
10 years
Vendor
Veera 3
Agency
City of Highland
Source document
city-of-highland-city-council-meeting-agenda-january-21-2025_d43.pdf (Agenda)

Veera 3's other public contracts

Town of Ellison, IllinoisCity is Authorizing Economic Development Agreement with Veera 3 LLC · Jan 21, 2025$418.5KTown of Highland, North DakotaDevelopment Agreement Approved for Veera 3, LLC · Jan 21, 2025UndisclosedTown of Highland, North DakotaVeera 3, LLC Project Development Agreement · Jan 21, 2025UndisclosedTown of Highland, North DakotaVeera 3, LLC gets development agreement approved · Jan 21, 2025UndisclosedTown of Highland, North DakotaSeasons Inn renovation and development in Highland · Jan 21, 2025$83.7KAll Veera 3 contractsVendor profile

More City of Highland contracts

ROTORKHighland Plans Water Plant Actuator and Valve Letting · Oct 18, 2026UndisclosedMoran Economic DevelopmentHighland Approves Moran Business District Services · Sep 21, 2026UndisclosedSt. Joseph’s Hospital of the Hospital Sisters of the Third Order of St. FrancisHighland Expands Ambulance Coverage With St. Joseph’s · Sep 21, 2026UndisclosedMcginley IncorporatedHighland Approves $42,545 Dodge Durango Purchase · Sep 21, 2026$42.5KMoran Economic DevelopmentHighland Approves Moran TIF District Services · Sep 21, 2026UndisclosedAll City of Highland activityAgency profile

Questions about this contract

Who was awarded the economic development contract by City of Highland?

Veera 3 was awarded this economic development contract by City of Highland, as recorded on January 21, 2025. The contract value is $83,700.

How much is the Veera 3 contract with City of Highland worth?

The Veera 3 contract with City of Highland is valued at $83,700, covering economic development work.

What type of contract is this?

This is a Economic Development contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-highland-city-council-meeting-agenda-january-21-2025_d43.pdf (Agenda), dated January 21, 2025 from City of Highland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Veera 3 hold?

Veera 3 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 Highland currently buying?

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

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