Newton City Council Agenda November 2025
McCann Village housing to receive TIF rebate
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Description
Newton plans a $92,000 TIF-funded property tax rebate to McCann Housing Associates LP in FY2026–2027 under the McCann Village Urban Renewal Area, supporting local housing.
Contract Details
Contract Amount
$92,000 property tax rebate FY 2026/27
Vendor
MCCANN HOUSING ASSOCIATES LP
Agency
City of Newton, IA
Contract Type
FINANCIAL_SERVICES
Document Date
November 17, 2025
Contract Term
Fiscal Year 2026–2027
Renewal Date
2027-06-30
Renewal Info
Part of a multi-year rebate agreement; annual amount subject to certification and actual tax receipts.
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