City Advances TIF Deal With MB Main Investments | City of Cumming | MB MAIN INVESTMENTS LLC

Scope & details

The full contract record, as filed.

Contract amount

75% of project-generated tax increment rebate for 15 years; plus $32,000 local match

Contract type

FINANCIAL_SERVICES

Contract term

15 years of tax increment rebate payments

Renewal

Preliminary terms contemplate a new 15-year TIF rebate agreement; a detailed development agreement will be negotiated and may include further provisions or amendments. Renewal or extension provisions will be set in the final agreement.

Document type

AgendaPacket

Source document

City of Cumming AgendaPacket Regular Council Meeting 2025-04-28

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Cumming AgendaPacket 2026-10-12

APPROVED

City of Cumming, IowaOct 12, 2026

Cumming City Council AgendaPacket 2024-04-22

APPROVED

City of Cumming, IowaNot to exceed $2,800,000 in payments plus Grant up to $125,000 and Admin Fees up to $10,000 (total commitment not to exceed $2,935,000, plus interest)Apr 22, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

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

Mb Main Investments Llc was awarded this financial services contract by City of Cumming, as recorded on April 28, 2025. The contract value is 75% of project-generated tax increment rebate for 15 years; plus $32,000 local match.

How much is the Mb Main Investments Llc contract with City of Cumming worth?

The Mb Main Investments Llc contract with City of Cumming is valued at 75% of project-generated tax increment rebate for 15 years; plus $32,000 local match, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Cumming AgendaPacket Regular Council Meeting 2025-04-28 (AgendaPacket), dated April 28, 2025 from City of Cumming. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mb Main Investments Llc hold?

Mb Main Investments 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 Mb Main Investments Llc's profile

What is City of Cumming currently buying?

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

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