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Seasons Inn renovation and development in Highland

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

The 30-second brief

What it covers

Veera 3 LLC dba Seasons Inn is planning to renovate the property at 20 Central Boulevard with substantial improvements totaling $418,500 in eligible project costs.The Development Agreement would reimburse 75% of the incremental property taxes for 10 years, generated as a result of the project's completion, up to $83,700.

Who holds it

Veera 3 holds this economic development contract with Town of Highland. Its other public contracts on record include work for Town of Ellison and City 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
Town of Highland
Source document
town-of-highland-regular-session-agenda-january-21-2025_f1e.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, 2025UndisclosedCity of Highland, IllinoisEconomic incentives approved for Veera 3 LLC · Jan 21, 2025$83.7KAll Veera 3 contractsVendor profile

More Town of Highland contracts

WEINHEIMERWeinheimer bids for municipal ceiling replacements · Aug 4, 2025UndisclosedCaterpillar Inc.City Council considering purchasing a Caterpillar Mini Excavator · Aug 4, 2025UndisclosedCase Construction EquipmentThe city considering purchase of loader backhoe · Aug 4, 2025UndisclosedBeelman LogisticsBeelman Logistics, LLC wins aggregate supply contract · Jul 21, 2025$13.1KEvergreen RoadworksEvergreen Roadworks, LLC awarded MC-800 Prime contract · Jul 21, 2025$47.1KAll Town of Highland activityAgency profile

Questions about this contract

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

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

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

The Veera 3 contract with Town 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 town-of-highland-regular-session-agenda-january-21-2025_f1e.pdf (Agenda), dated January 21, 2025 from Town 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 Town of Highland currently buying?

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

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