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City Maintains Room Tax Sharing With Hotel Developer

City of Parkville logoCity of Parkville
Disclosed value
75% of room tax revenues generated within designated development area (2026 share not itemized)
From budget
Document date
Oct 7, 2025

The 30-second brief

What it covers

Parkville’s 2026 Economic Development/Tourism Fund continues an established development agreement returning 75% of designated-area room tax revenues to the developer. The arrangement supports ongoing private investment in local hospitality infrastructure.

Who holds it

DEVELOPER holds this financial services contract with City of Parkville. Its other public contracts on record include work for TOWNE LAKE MANAGEMENT DISTRICT and Waterset South Community Development District - Rizzetta & Company, Inc..

What happens next

Term as filed: Ongoing under established development agreement.

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Contract details

Contract type
Financial Services
Amount
75% of room tax revenues generated within designated development area (2026 share not itemized)
Document date
October 7, 2025
Term
Ongoing under established development agreement
Vendor
DEVELOPER
Agency
City of Parkville
Source document
city-of-parkville-2026-budget-message_925.pdf (Budget)

DEVELOPER's other public contracts

TOWNE LAKE MANAGEMENT DISTRICT, TexasDeveloper Update on Agenda · Sep 9, 2026UndisclosedWaterset South Community Development District - Rizzetta & Company, Inc., FloridaFunding Agreement Planned With Developer · Sep 5, 2026UndisclosedMiami-Dade County, FloridaDeveloper Contribution Funds Homestead Shelter Project · Sep 3, 2026City of Sanford, MaineCity Plans Credit Enhancement Agreement for TIF · Sep 1, 2026UndisclosedCity of Johnstown, New YorkJohnstown Approves $100,000 Development Infrastructure Contribution · Sep 1, 2026Up to $100,000All DEVELOPER contractsVendor profile

More City of Parkville contracts

City of ParkvilleParkville receives $540,000 for wayside horn project · Aug 1, 2028$540KGBAGBA Prepared Platte Landing Park Project Bid Documents · Oct 14, 2026UndisclosedR & R ConcreteTrail and Parking Lot Contract Recommended for R & R Concrete · Oct 14, 2026Renaissance Infrastructure ConsultingParkville Contracts RIC for Parkland Fee Study · Oct 13, 2026UndisclosedH&h SepticH&H Septic Performs Perc Testing for Parkville Site · Oct 13, 2026UndisclosedAll City of Parkville activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Parkville?

DEVELOPER was awarded this financial services contract by City of Parkville, as recorded on October 7, 2025. The contract value is 75% of room tax revenues generated within designated development area (2026 share not itemized).

How much is the DEVELOPER contract with City of Parkville worth?

The DEVELOPER contract with City of Parkville is valued at 75% of room tax revenues generated within designated development area (2026 share not itemized), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-parkville-2026-budget-message_925.pdf (Budget), dated October 7, 2025 from City of Parkville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does DEVELOPER hold?

DEVELOPER 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 Parkville currently buying?

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

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