Impact Fee Reimbursement Expansion for David Estates Development | City of Portland city | V&M EQUITY PROPERTIES LLC

Scope & details

The full contract record, as filed.

Contract amount

Eligible reimbursement up to $2,428,985.78 (Segment 1: $858,297.90; Segment 2: $979,482.42; Segment 3: $591,205.47)

Contract type

OTHER

Contract term

Upon completion and acceptance of constructed segments; reimbursement paid quarterly as fees are collected; agreement amendment effective January 6, 2026

Renewal date

2026-01-06

Renewal

First amendment established planned unit development standards. This second amendment governs reimbursement and audit procedures for completed and future segments. Reimbursement eligibility and cap defined; further amendment requires written consent by all parties.

Document type

Resolution

Source document

city_council_resolution_942_development_agreement.pdf

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Portland AgendaPacket 2026-09-01 City Council Meeting

AMENDED

City of Portland city, TexasSep 1, 2026

City of Portland AgendaPacket Public Hearing - Planned Unit Development Request 2026-08-18

APPROVED

City of Portland city, TexasAug 18, 2026

city_council_regular_meeting_agenda_october_2024.pdf

APPROVED

City of Portland city, TexasOct 1, 2024

city_council_workshop_and_regular_meeting_agenda_j.pdf

AMENDED

City of Portland city, TexasJun 18, 2024

city_council_agenda_april_19_2022.pdf

PENDING

City of Portland city, TexasApr 19, 2022

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Portland city?

V&m Equity Properties Llc was awarded this government contract by City of Portland city, as recorded on January 6, 2026. The contract value is Eligible reimbursement up to $2,428,985.78 (Segment 1: $858,297.90; Segment 2: $979,482.42; Segment 3: $591,205.47).

How much is the V&m Equity Properties Llc contract with City of Portland city worth?

The V&m Equity Properties Llc contract with City of Portland city is valued at Eligible reimbursement up to $2,428,985.78 (Segment 1: $858,297.90; Segment 2: $979,482.42; Segment 3: $591,205.47).

What type of contract is this?

This is a government contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city_council_resolution_942_development_agreement.pdf (Resolution), dated January 6, 2026 from City of Portland city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does V&m Equity Properties Llc hold?

V&m Equity Properties 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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