DDA Advances Scannell Properties Bond Incentive | City of Forest Park | SCANNELL PROPERTIES INC

Scope & details

The full contract record, as filed.

Contract amount

Up to $23,000,000 in taxable lease purchase revenue bonds; estimated project investment of $23,000,000

Contract type

FINANCIAL_SERVICES

Contract term

10-year tax incentive period beginning in 2027; project anticipated complete by December 31, 2026

Renewal date

2036-12-31

Renewal

The MOU is expected to terminate if definitive documents and a final non-appealable bond validation order are not completed by December 31, 2026. The incentive period is 10 years, with potential recovery payments if investment or job commitments fall short.

Document type

AgendaPacket

Source document

City of Forest Park AgendaPacket Regular Meeting 2026-09-24

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Forest Park?

Scannell Properties Inc was awarded this financial services contract by City of Forest Park, as recorded on September 24, 2026. The contract value is Up to $23,000,000 in taxable lease purchase revenue bonds; estimated project investment of $23,000,000.

How much is the Scannell Properties Inc contract with City of Forest Park worth?

The Scannell Properties Inc contract with City of Forest Park is valued at Up to $23,000,000 in taxable lease purchase revenue bonds; estimated project investment of $23,000,000, 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 Forest Park AgendaPacket Regular Meeting 2026-09-24 (AgendaPacket), dated September 24, 2026 from City of Forest Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Scannell Properties Inc hold?

Scannell Properties Inc 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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What is City of Forest Park currently buying?

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