Newton City Council Agenda November 2025
Planned TIF grant to Mercy One ER
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Description
Newton is planning a $50,000 TIF-funded grant to Mercy One in FY2025–2026 to support Emergency Room improvements or operations within the North Central Urban Renewal Area. The grant will be paid from incremental property tax revenues.
Contract Details
Contract Amount
$50,000 grant for Emergency Room (FY25/26)
Vendor
MERCY ONE
Agency
City of Newton, IA
Contract Type
FINANCIAL_SERVICES
Document Date
November 17, 2025
Contract Term
Fiscal Year 2025–2026
Renewal Date
2026-06-30
Renewal Info
One-time grant as part of TIF-certified debt; further grants would require additional council action.
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