Development Agreement for Gas Station Approved with PARSHVA LLC

The Elkhart City Council approved a development agreement with PARSHVA LLC to construct a gas station, including a 10-year TIF rebate schedule. The agreement details annual appropriated tax increment payments tied to a $2.5 million minimum assessment.

Document date · March 18, 2024

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Scope & details

The full contract record, as filed.

Contract amount

Tax Increment Payments (percentages vary by year)

Contract type

OTHER

Contract term

10 years (rebate: 95% for years 1-5, 90% for years 6-10)

Renewal date

2034-03-18

Renewal

Initial 10-year TIF period with rebates of 95% (years 1-5) and 90% (years 6-10); further terms will be in final agreement draft.

Document type

Meeting Minutes

Source document

city-of-elkportmeeting-minutes2024-03-18_3ed.txt

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Elkhart City Council Agenda September 21, 2026

PENDING

City of Elkhart, IowaSep 21, 2026

Elkhart City Council Meeting Minutes March 17, 2026

APPROVED

City of Elkhart, IowaMar 17, 2026

city-of-elkhart-meeting-minutes-2024-10-21_592.pdf

AMENDED

City of Elkhart, IowaOct 21, 2024

city-of-elkport-agenda-2024-10-21_00e.pdf

DISCUSSED

City of Elkport, IowaOct 21, 2024

city-of-elkader-meeting-minutes-2024-03-18_7d8.txt

APPROVED

City of Elkader, IowaAnnual Tax Increment rebates: 95% for years 1-5, 90% for years 6-10Mar 18, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Elkport?

Parshva Llc was awarded this government contract by City of Elkport, as recorded on March 18, 2024.

What type of contract is this?

This is a government contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-elkportmeeting-minutes2024-03-18_3ed.txt (Meeting Minutes), dated March 18, 2024 from City of Elkport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Parshva Llc hold?

Parshva Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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