City of Vermillion Approves $1.6M TIF with AMS
City of VermillionCity · Vermillion, SD- Disclosed value
- $1,617,322
- From agenda
- Document date
- Jul 28, 2025
- Term
- 20 years
The 30-second brief
City approves TIF for AMS Building Systems LLC. TIF will be used to construct public infrastructure and other TIF eligible expenses on land located within the corporate limits of the City of Vermillion, Clay County, South Dakota. TIF amount will not exceed $1,617,322 and will last for 20 years.
Ams Building Systems holds this tax increment financing contract with City of Vermillion.
Term as filed: 20 years.
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Contract details
- Contract type
- Tax Increment Financing
- Amount
- $1,617,322
- Document date
- July 28, 2025
- Term
- 20 years
- Vendor
- Ams Building Systems
- Agency
- City of Vermillion
- Source document
- city-of-vermillion-planning-zoning-commission-agenda-rezoning-tif-12-public-hearings-jul-28-2025_faa.pdf (Agenda)
Ams Building Systems's other public contracts
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Questions about this contract
Who was awarded the tax increment financing contract by City of Vermillion?
Ams Building Systems was awarded this tax increment financing contract by City of Vermillion, as recorded on July 28, 2025. The contract value is $1,617,322.
How much is the Ams Building Systems contract with City of Vermillion worth?
The Ams Building Systems contract with City of Vermillion is valued at $1,617,322, covering tax increment financing work.
What type of contract is this?
This is a Tax Increment Financing contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-vermillion-planning-zoning-commission-agenda-rezoning-tif-12-public-hearings-jul-28-2025_faa.pdf (Agenda), dated July 28, 2025 from City of Vermillion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ams Building Systems hold?
Ams Building Systems 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 Vermillion currently buying?
Explore City of Vermillion's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.