FINANCIAL_SERVICESAPPROVED

City of Wichita Awards Financial Services Contract to Vantage 906 Llc (February 2024)

City Council approved up to $95 million in industrial revenue bonds and a 10-year 100% property tax abatement for Vantage 906, LLC to finance the construction of a new 370-unit Class A multifamily residential project in downtown Wichita. A lease for up to 185 City-owned parking spaces at 777 E. Waterman was also authorized as part of the agreement.

Status
APPROVED
Document date
February 20, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Vantage 906 Llc
Agency
City of Wichita · KS

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $95,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Through 2027 (industrial revenue bonds, property tax abatement up to 10 years)
Renewal date
2037-12-31
Renewal
Revenue bonds effective through 2027; property tax abatement for 10 years from bond issuance; Parking Lease Agreement includes automatic renewals after initial term, with extension options up to three 10-year periods.
Document type
Agenda
Source document
City of Wichita City Council Meeting Agenda February 20 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Wichita?

Vantage 906 Llc was awarded this financial services contract by City of Wichita, as recorded on February 20, 2024. The contract value is Not to exceed $95,000,000.

How much is the Vantage 906 Llc contract with City of Wichita worth?

The Vantage 906 Llc contract with City of Wichita is valued at Not to exceed $95,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Wichita City Council Meeting Agenda February 20 2024 (Agenda), dated February 20, 2024 from City of Wichita. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vantage 906 Llc hold?

Vantage 906 Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Vantage 906 Llc's profile

What is City of Wichita currently buying?

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

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