CONTRACTPENDING

Forest Park Plans $250K Grant for Kemper Meadow Project

City of Forest Park logoCity of Forest Park
Disclosed value
$250,000 redevelopment grant (two installments of $125,000)
From agenda
Document date
Nov 8, 2021

The 30-second brief

What it covers

Forest Park is preparing a redevelopment incentive agreement with Company A for a $5 million renovation of a 43,000 square foot building at 1280 Kemper Meadow Drive. The city will provide a $250,000 grant in two installments in exchange for the creation or retention of roughly 300 jobs.

Who holds it

Company a holds this financial services contract with City of Forest Park. Its other public contracts on record include work for City of Bettles and Town of Vandenbroek.

What happens next

Term as filed: Grant tied to seven-year lease term for tenant; installments at commencement of construction and upon project completion.

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Contract details

Contract type
Financial Services
Amount
$250,000 redevelopment grant (two installments of $125,000)
Document date
November 8, 2021
Term
Grant tied to seven-year lease term for tenant; installments at commencement of construction and upon project completion
Vendor
Company a
Source document
city_council_work_session_agenda_november_8_2021.pdf (Agenda)

Company a's other public contracts

More City of Forest Park contracts

Questions about this contract

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

Company a was awarded this financial services contract by City of Forest Park, as recorded on November 8, 2021. The contract value is $250,000 redevelopment grant (two installments of $125,000).

How much is the Company a contract with City of Forest Park worth?

The Company a contract with City of Forest Park is valued at $250,000 redevelopment grant (two installments of $125,000), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_council_work_session_agenda_november_8_2021.pdf (Agenda), dated November 8, 2021 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 Company a hold?

Company a 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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