Irondale approves $2M development agreement with Hallmark ACQ
City of IrondaleCity · MO- Disclosed value
- $2,000,000.00
- From resolution
- Document date
- Apr 15, 2025
- Term
- 10 years
The 30-second brief
Hallmark ACQ, LLC and the City of Irondale enter a development agreement providing a Development Incentive payment to Developer to equal fifty percent (50%) of the Tax Revenue received by the City from the Business on the Property for an Annual Period . The economic development grants shall be in the maximum amount of $2,000,000.00, in consideration of the public benefits to accrue from the establishment and the operation of such development in the City.
Hallmark Acq holds this development agreement contract with City of Irondale. Its other public contracts on record include work for Town of Trafford and Town of Irondale.
Term as filed: 10 years.
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Contract details
- Contract type
- Development Agreement
- Amount
- $2,000,000.00
- Document date
- April 15, 2025
- Term
- 10 years
- Vendor
- Hallmark Acq
- Agency
- City of Irondale
- Source document
- city-of-irondale-resolution-2025-04-15_2ac.pdf (Resolution)
Hallmark Acq's other public contracts
More City of Irondale contracts
Questions about this contract
Who was awarded the development agreement contract by City of Irondale?
Hallmark Acq was awarded this development agreement contract by City of Irondale, as recorded on April 15, 2025. The contract value is $2,000,000.00.
How much is the Hallmark Acq contract with City of Irondale worth?
The Hallmark Acq contract with City of Irondale is valued at $2,000,000.00, covering development agreement work.
What type of contract is this?
This is a Development Agreement contract, documented as a resolution record.
Where was this contract approved?
This contract appears in city-of-irondale-resolution-2025-04-15_2ac.pdf (Resolution), dated April 15, 2025 from City of Irondale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Hallmark Acq hold?
Hallmark Acq 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 Irondale currently buying?
Explore City of Irondale's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.