FINANCIAL_SERVICESRECOMMENDED

City Expresses Intent for IRBs to MRES Lusso Holdings, LLC

The City Commission adopted a resolution expressing intent to issue up to $35.3 million in Industrial Revenue Bonds for MRES Lusso Holdings, LLC, for a multifamily residential project; IRBs provide a one-time sales tax exemption on construction materials.

Status
RECOMMENDED
Document date
June 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Mres Lusso Holdings Llc
Agency
City of Lawrence · KS

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $35,300,000 (proposed principal amount of IRB)
Contract type
FINANCIAL_SERVICES
Renewal
Resolution of intent issued; actual bonds pending further approvals and negotiations.
Document type
Agenda
Source document
City of Lawrence City Commission Agenda 2026-06-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Lawrence?

Mres Lusso Holdings Llc was awarded this financial services contract by City of Lawrence, as recorded on June 16, 2026. The contract value is Not to exceed $35,300,000 (proposed principal amount of IRB).

How much is the Mres Lusso Holdings Llc contract with City of Lawrence worth?

The Mres Lusso Holdings Llc contract with City of Lawrence is valued at Not to exceed $35,300,000 (proposed principal amount of IRB), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Lawrence City Commission Agenda 2026-06-16 (Agenda), dated June 16, 2026 from City of Lawrence. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mres Lusso Holdings Llc hold?

Mres Lusso Holdings 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.

View Mres Lusso Holdings Llc's profile

What is City of Lawrence currently buying?

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

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