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Economic Development Agreement Approved for Commercial Park

City of Le Mars
Disclosed value
Maximum $210,000 annually for 2 years
From agenda
Document date
Jun 3, 2025
Term
2 years

The 30-second brief

What it covers

Motion to approve the Economic Development Agreement for a grant equal to interest payments on a loan secured by the LBIC for commercial park development. Financial impact is a maximum of $210,000 annually for 2 years.

Who holds it

LBIC holds this economic development grant contract with City of Le Mars.

What happens next

Term as filed: 2 years.

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Contract details

Contract type
Economic Development Grant
Amount
Maximum $210,000 annually for 2 years
Document date
June 3, 2025
Term
2 years
Vendor
LBIC
Agency
City of Le Mars
Source document
city-of-le-mars-city-council-regular-meeting-agenda-june-3-2025_fc8.pdf (Agenda)

LBIC's other public contracts

City of Le Mars, IowaCity amends development agreement with LBIC · May 19, 2026UndisclosedCity of Le Mars, IowaCouncil Approves Development Agreement with LBIC for Crossroads Commons · Mar 3, 2026UndisclosedCity of Le Mars, IowaLBIC receives grant for park development. · Jun 3, 2025UndisclosedCity of Le Mars, IowaEconomic Development Grant Agreement with LBIC · Jun 3, 2025UndisclosedCity of Le Mars, IowaCity to Pay Interest on LBIC Land Purchase Loan · Mar 18, 2025UndisclosedAll LBIC contractsVendor profile

More City of Le Mars contracts

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Questions about this contract

Who was awarded the economic development grant contract by City of Le Mars?

LBIC was awarded this economic development grant contract by City of Le Mars, as recorded on June 3, 2025. The contract value is Maximum $210,000 annually for 2 years.

How much is the LBIC contract with City of Le Mars worth?

The LBIC contract with City of Le Mars is valued at Maximum $210,000 annually for 2 years, covering economic development grant work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-le-mars-city-council-regular-meeting-agenda-june-3-2025_fc8.pdf (Agenda), dated June 3, 2025 from City of Le Mars. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does LBIC hold?

LBIC 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 Le Mars currently buying?

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

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