Lone Tree Extends BID Tax Shareback Agreement to 2037
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Description
The Lone Tree City Council approved a second amendment to its intergovernmental agreement with the Park Meadows Business Improvement District, extending the sales tax shareback to 2037 and implementing updated controls for BID finances, operations, and leasing. Funds will support public improvements at Park Meadows Retail Resort.
Contract Details
Vendor
PARK MEADOWS BUSINESS IMPROVEMENT DISTRICT
Agency
City of Lone Tree, IA
Contract Type
OTHER
Document Date
October 1, 2024
Contract Term
December 15, 2006 (original); amended to expire December 31, 2037
Renewal Date
2037-12-31
Renewal Info
Original IGA 2006, first amendment December 19, 2006, second amendment October 3, 2023. Now expires December 31, 2037 with possibility for future amendments.
More from PARK MEADOWS BUSINESS IMPROVEMENT DISTRICT
More from City of Lone Tree
lone_tree_city_council_minutes_december_2025.pdf
lone_tree_city_council_minutes_december_2025.pdf
lone_tree_city_council_minutes_december_2025.pdf
lone_tree_city_council_minutes_december_2025.pdf
lone_tree_city_council_minutes_december_2025.pdf
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