CONSTRUCTIONAPPROVED

City of Bountiful Awards Construction Contract to Keller Family Properties Llc (April 2021)

Bountiful City approved a Reimbursement Agreement with Keller Family Properties, LLC for the construction of the Eagle Ridge Drive extension and related public improvements. The City will front the design and construction costs and be reimbursed by the property owner over a 15-year term, with reimbursement required before subdivision approval or issuance of building permits. Interest at 5% per year applies only if full repayment is not made by the end of the term.

Document date · April 13, 2021

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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
Estimated at $XXXXXXX; actual costs to be determined
Contract type
CONSTRUCTION
Contract term
Fifteen (15) years from date of Reimbursement Agreement, or before any building permits are issued for the Property, whichever is first
Renewal
Agreement term is fixed at 15 years from execution, with no interest during the term and a 5% annual interest rate on any unpaid balance after the term; no automatic renewal is provided, but the agreement runs with the land and binds successors in title.
Document type
Report
Source document
city-of-bountiful-report-2021-04-13_cdb.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Bountiful?

Keller Family Properties Llc was awarded this construction contract by City of Bountiful, as recorded on April 13, 2021.

What type of contract is this?

This is a Construction contract, documented as a report record.

Where was this contract approved?

This contract appears in city-of-bountiful-report-2021-04-13_cdb.pdf (Report), dated April 13, 2021 from City of Bountiful. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Keller Family Properties Llc hold?

Keller Family 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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