Council Discusses Elevated Ventures Development Agreement
City of EdwardsvilleCity · Edwardsville, KS- Disclosed value
- IRB financing not to exceed $14,000,000 in aggregate; Phase 1 not to exceed $8,000,000 and Phase 2 not to exceed $6,000,000
- From agenda
- Document date
- Oct 24, 2026
- Renews
- Free account
The 30-second brief
The City Council discussed a draft development agreement with Elevated Ventures Group, LLC for a planned flex-industrial development along Kaw Drive. The proposal contemplates up to $14 million in industrial revenue bond financing, 10-year tax benefits, and construction in two phases through 2029; formal consideration is planned for a future agenda.
Elevated Ventures Group LLC holds this contract with City of Edwardsville.
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Contract details
- Amount
- IRB financing not to exceed $14,000,000 in aggregate; Phase 1 not to exceed $8,000,000 and Phase 2 not to exceed $6,000,000
- Document date
- October 24, 2026
- Term
- Effective Date through full redemption of Phase 2 industrial revenue bonds; Phase 1 construction is planned for completion by July 1, 2028, and Phase 2 by December 31, 2029; each IRB series has a 10-year term
- Renews
- Free account
- Agency
- City of Edwardsville
- Source document
- City of Edwardsville Agenda 2026-10-26 (Agenda)
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Questions about this contract
Who was awarded the government contract by City of Edwardsville?
Elevated Ventures Group LLC was awarded this government contract by City of Edwardsville, as recorded on October 24, 2026. The contract value is IRB financing not to exceed $14,000,000 in aggregate; Phase 1 not to exceed $8,000,000 and Phase 2 not to exceed $6,000,000.
How much is the Elevated Ventures Group LLC contract with City of Edwardsville worth?
The Elevated Ventures Group LLC contract with City of Edwardsville is valued at IRB financing not to exceed $14,000,000 in aggregate; Phase 1 not to exceed $8,000,000 and Phase 2 not to exceed $6,000,000.
What type of contract is this?
This is a government 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 Edwardsville Agenda 2026-10-26 (Agenda), dated October 24, 2026 from City of Edwardsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Elevated Ventures Group LLC hold?
Elevated Ventures Group 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.
What is City of Edwardsville currently buying?
Explore City of Edwardsville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.