City of Le Mars Council Meeting Agenda Packet May 19, 2026
City Supports DeLuxury Real Estate Apartment Project with Tax Incentives
Trusted by teams at
Description
Le Mars is advancing DeLuxury Real Estate, LLC's proposed 12-unit apartment project near the airport by approving an IEDA Workforce Housing Tax Credit application and offering an estimated $70,513.27 in tax exemptions over seven years. The project represents roughly $1.55 million in private capital investment.
Contract Details
Contract Amount
Approximately $70,513.27 (estimated seven-year tax exemption value)
Vendor
DELUXURY REAL ESTATE LLC
Agency
City of Le Mars, IA
Contract Type
OTHER
Document Date
May 18, 2026
Contract Term
Seven-year tax exemption period
Renewal Info
Tax exemption incentive is structured over a seven-year period; no explicit renewal beyond that term is indicated.
More from DELUXURY REAL ESTATE LLC
Related Contracts
More from City of Le Mars
City of Le Mars Planning & Zoning Commission Agenda 2026-06-02
City of Le Mars Planning & Zoning Commission Agenda 2026-06-02
Le Mars City Council Agenda Packet 2026-06-02
Le Mars City Council Agenda Packet 2026-06-02
Le Mars City Council Agenda Packet 2026-06-02
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.