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City of Glencoe Awards $500,000 Tax Abatement Contract to Glencoe Hotel (May 2022)

City of Glencoe
Disclosed value
$500,000
From agenda
Approved
May 2, 2022
Term
12 years

The 30-second brief

What it covers

Glencoe City Council approved a tax abatement for Glencoe Hotel Group LLC for $500,000 to help pay a portion of the costs associated with the soils correction associated with the construction of a new hotel. The City will pay the Abatement to the Developer in 12 annual installments commencing in 2024 and continuing through 2036.

Who holds it

Glencoe Hotel holds this tax abatement contract with City of Glencoe. Its other public contracts on record include work for McLeod County and City of Biscay.

What happens next

Term as filed: 12 years.

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Contract details

Contract type
Tax Abatement
Amount
$500,000
Document date
May 2, 2022
Term
12 years
Vendor
Glencoe Hotel
Agency
City of Glencoe
Source document
city-of-glencoe-agenda-2022-05-02_006.pdf (Agenda)

Glencoe Hotel's other public contracts

McLeod County, Minnesotamcleod-county-agenda-2024-04-16_2a8.pdf · Apr 16, 2024UndisclosedCity of Biscay, Minnesotacity-of-biscay-agenda-2023-09-05_469.pdf · Sep 5, 2023UndisclosedCity of Glencoe, MinnesotaGlencoe Hotel Group Tax Abatement Extended · Sep 5, 2023UndisclosedCity of Glencoe, MinnesotaGlencoe Hotel Group's WAC and SAC Charges · Oct 3, 2022$25.5KCity of Glencoe, MinnesotaGlencoe Hotel Group seeks WAC/SAC charge reduction · Oct 3, 2022$25.5KAll Glencoe Hotel contractsVendor profile

More City of Glencoe contracts

Renville Trailer SalesFirearms Training trailer purchase for Glencoe PD. · May 19, 2025$6.9KRenville Trailer SalesRenville Trailer Sales Purchase: Firearms Training for PD · May 19, 2025$6.9KMinnesota Baseball AssociationGlencoe Host State Baseball Tournament: Dates Set · May 19, 2025UndisclosedGlencoe TownshipGlencoe Township receives $383.64 for tax revenue loss · May 19, 2025$383.6Lexipol LLCLexipol approved for police department policy review · May 19, 2025UndisclosedAll City of Glencoe activityAgency profile

Questions about this contract

Who was awarded the tax abatement contract by City of Glencoe?

Glencoe Hotel was awarded this tax abatement contract by City of Glencoe, as recorded on May 2, 2022. The contract value is $500,000.

How much is the Glencoe Hotel contract with City of Glencoe worth?

The Glencoe Hotel contract with City of Glencoe is valued at $500,000, covering tax abatement work.

What type of contract is this?

This is a Tax Abatement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-glencoe-agenda-2022-05-02_006.pdf (Agenda), dated May 2, 2022 from City of Glencoe. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Glencoe Hotel hold?

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

What is City of Glencoe currently buying?

Explore City of Glencoe's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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