FINANCIAL_SERVICESRECOMMENDED

Overland Park advances Plaza II deal with Black & Veatch

The City of Overland Park is moving toward approval of a comprehensive Redevelopment Agreement with Black & Veatch Corporation for the Overland Park Plaza II project, providing pay-as-you-go TIF, CID, and TDD reimbursements and sales-tax-exempt EDRBs to support a multi-phase headquarters and mixed-use redevelopment. The agreement sets caps and performance milestones for up to $253 million in TIF, $11.6 million in CID, and $3 million in TDD reimbursements, with the term running through the life of the incentive districts.

Status
RECOMMENDED
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Black & Veatch Corporation
Agency
City of Overland Park · KS

Trusted by teams at

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
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
Up to $253,029,989 in TIF reimbursements; up to $11,643,516 in CID reimbursements; up to $3,000,000 in TDD reimbursements; sales tax exemption via EDRBs (no bond principal stated)
Contract type
FINANCIAL_SERVICES
Contract term
TIF through no later than June 30, 2058 (20 years per project area); CID and TDD each for 22-year collection periods; redevelopment agreement term ends upon expiration of last of TIF, CID, or TDD
Renewal date
2058-06-30
Renewal
TIF collections per project area run 20 years from approval of each Project Plan and terminate earlier if caps are reached; TIF for whole district ends no later than June 30, 2058. CID and TDD each expire after 22-year collection periods. Agreement term coincides with expiration of the last of the TIF, CID, or TDD; no automatic renewals are provided.
Document type
AgendaPacket
Source document
City of Overland Park Agenda Packet Finance, Administration and Economic Development Committee 2026-08-03

Related contracts

Other contracts from Black & Veatch Corporation.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Overland Park?

Black & Veatch Corporation was awarded this financial services contract by City of Overland Park, as recorded on August 3, 2026. The contract value is Up to $253,029,989 in TIF reimbursements; up to $11,643,516 in CID reimbursements; up to $3,000,000 in TDD reimbursements; sales tax exemption via EDRBs (no bond principal stated).

How much is the Black & Veatch Corporation contract with City of Overland Park worth?

The Black & Veatch Corporation contract with City of Overland Park is valued at Up to $253,029,989 in TIF reimbursements; up to $11,643,516 in CID reimbursements; up to $3,000,000 in TDD reimbursements; sales tax exemption via EDRBs (no bond principal stated), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Overland Park Agenda Packet Finance, Administration and Economic Development Committee 2026-08-03 (AgendaPacket), dated August 3, 2026 from City of Overland Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Black & Veatch Corporation hold?

Black & Veatch Corporation 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 Black & Veatch Corporation's profile

What is City of Overland Park currently buying?

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

View City of Overland Park's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free