CONTRACTAPPROVED

City of Forest Park Awards $5,000,000 Facilities Contract to Ameritas Life Insurance Corp (July 2026)

City of Forest Park logoCity of Forest Park
Disclosed value
$5,000,000.00
From agendapacket
Approved
Jul 6, 2026

The 30-second brief

What it covers

Forest Park Council advanced Ordinance 26-2026 authorizing the City Manager to purchase the Ameritas Life Insurance Corp. property at 1880 Waycross Road for $5,000,000 and execute all related contracts. The agreement includes a 120-day review period, detailed closing conditions, and a leaseback arrangement under which Ameritas will occupy space and pay rent covering routine building maintenance and shared operating costs.

Who holds it

Ameritas Life Insurance Corp holds this facilities contract with City of Forest Park. Its other public contracts on record include work for Rock Island SD 41 and Morrill Public Schools.

What happens next

Term as filed: Review period of 120 days; leaseback term up to 10 years with a 1-year initial term and termination option on 60 days’ notice; six-month post-closing indemnification period.

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Contract details

Contract type
Facilities
Amount
$5,000,000.00
Document date
July 6, 2026
Term
Review period of 120 days; leaseback term up to 10 years with a 1-year initial term and termination option on 60 days’ notice; six-month post-closing indemnification period
Source document
City of Forest Park AgendaPacket 2026-07-06 (AgendaPacket)

Ameritas Life Insurance Corp's other public contracts

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Questions about this contract

Who was awarded the facilities contract by City of Forest Park?

Ameritas Life Insurance Corp was awarded this facilities contract by City of Forest Park, as recorded on July 6, 2026. The contract value is $5,000,000.00.

How much is the Ameritas Life Insurance Corp contract with City of Forest Park worth?

The Ameritas Life Insurance Corp contract with City of Forest Park is valued at $5,000,000.00, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Forest Park AgendaPacket 2026-07-06 (AgendaPacket), dated July 6, 2026 from City of Forest Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Ameritas Life Insurance Corp hold?

Ameritas Life Insurance Corp 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 Forest Park currently buying?

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

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