arrowhead-community-improvement-district-proposed-budget-fye-6-30-2026_93a.pdf
CID Budgets $300K to Repay Developer Advances
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Description
The Arrowhead Community Improvement District budget for FYE 6/30/2026 includes $300,000 for principal and interest payments on Developer Advances under a Cooperative Agreement with the City and the Developer. These funds support repayment of prior project financing provided by the developer.
Contract Details
Contract Amount
$300,000.00
Vendor
DEVELOPER
Agency
City of Independence, MO
Contract Type
FINANCIAL_SERVICES
Document Date
May 9, 2026
Contract Term
Fiscal Year Ending June 30, 2026 (repayment period within broader Cooperative Agreement term)
Renewal Date
2026-06-30
Renewal Info
Repayment terms, including interest and schedule, are governed by an existing Cooperative Agreement between the City, the CID, and the Developer; specific maturity date is not stated in the budget.
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