Paynesville village Awards Tax Increment Financing Contract to Nelsa Properties (September 2024)
Paynesville villageCity · MO- Approved
- Sep 19, 2024
- Term
- 9 years
The 30-second brief
Nelsa Properties, LLC has been granted a Tax Increment Financing (TIF) plan for District No. 1-17. The TIF is currently drafted to last for 9 years, during which the city will not collect taxes on the improvement value, with that amount going back to Nelsa Properties towards their construction costs.
Nelsa Properties holds this tax increment financing contract with Paynesville village. Its other public contracts on record include work for Town of Paynesville and City of Paynesville.
Term as filed: 9 years.
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Contract details
- Contract type
- Tax Increment Financing
- Document date
- September 19, 2024
- Term
- 9 years
- Vendor
- Nelsa Properties
- Agency
- Paynesville village
- Source document
- paynesville-village-special-city-council-meeting-minutes_458.pdf (Minutes)
Nelsa Properties's other public contracts
More Paynesville village contracts
Questions about this contract
Who was awarded the tax increment financing contract by Paynesville village?
Nelsa Properties was awarded this tax increment financing contract by Paynesville village, as recorded on September 19, 2024.
What type of contract is this?
This is a Tax Increment Financing contract, documented as a minutes record.
Where was this contract approved?
This contract appears in paynesville-village-special-city-council-meeting-minutes_458.pdf (Minutes), dated September 19, 2024 from Paynesville village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Nelsa Properties hold?
Nelsa Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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What is Paynesville village currently buying?
Explore Paynesville village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.