City of Plymouth Awards $6,300,000 Development Incentive Contract to Wangard Development (October 2024)
City of PlymouthCity · Plymouth, WI- Disclosed value
- $6,300,000
- From meeting minutes
- Approved
- Oct 29, 2024
- Term
- 20 years
The 30-second brief
Development agreement with Wangard Development LLC for the construction of 156 apartment units at a cost of $34.3 million, creating approximately $23.4 million of new value in Plymouth. The agreement caps the development incentive at $6.3 million for up to 20 years, with 90% TIF Revenue, structured as a municipal revenue obligation.
Wangard Development holds this development incentive contract with City of Plymouth.
Term as filed: 20 years.
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Contract details
- Contract type
- Development Incentive
- Amount
- $6,300,000
- Document date
- October 29, 2024
- Term
- 20 years
- Vendor
- Wangard Development
- Agency
- City of Plymouth
- Source document
- city-of-plymouth-meeting-minutes-2024-10-29_56f.pdf (Meeting Minutes)
Wangard Development's other public contracts
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Questions about this contract
Who was awarded the development incentive contract by City of Plymouth?
Wangard Development was awarded this development incentive contract by City of Plymouth, as recorded on October 29, 2024. The contract value is $6,300,000.
How much is the Wangard Development contract with City of Plymouth worth?
The Wangard Development contract with City of Plymouth is valued at $6,300,000, covering development incentive work.
What type of contract is this?
This is a Development Incentive contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-plymouth-meeting-minutes-2024-10-29_56f.pdf (Meeting Minutes), dated October 29, 2024 from City of Plymouth. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Wangard Development hold?
Wangard Development 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 Plymouth currently buying?
Explore City of Plymouth's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.