FINANCIAL_SERVICESAPPROVED

City of Kearney Awards Financial Services Contract to Talmadge Jam Llc (July 2026)

The Kearney Community Redevelopment Authority approved Tax Increment Financing for Talmadge Jam, LLC to support construction of a 60‑unit apartment complex, granting 100% of the annual increment in real estate taxes up to $1,668,594 in certified eligible project costs. TIF payments will begin in Tax Year 2027 and run for up to fifteen years or until project costs are fully repaid.

Status
APPROVED
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Talmadge Jam Llc
Agency
City of Kearney · NE

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,668,594 (maximum certified eligible project costs; estimated TIF rebate approximately $1,601,370 over 15 years)
Contract type
FINANCIAL_SERVICES
Contract term
Base value year 2026; TIF payments over a period not to exceed fifteen years beginning with Tax Year 2027, ending when certified eligible Project Costs are paid in full
Renewal date
2042-12-31
Renewal
TIF payment period is limited to a maximum of fifteen years starting with Tax Year 2027 and will automatically terminate once certified eligible project costs are fully reimbursed; no renewal options are specified.
Document type
Minutes
Source document
Community Redevelopment Authority Minutes July 6, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Talmadge Jam Llc was awarded this financial services contract by City of Kearney, as recorded on July 6, 2026. The contract value is $1,668,594 (maximum certified eligible project costs; estimated TIF rebate approximately $1,601,370 over 15 years).

How much is the Talmadge Jam Llc contract with City of Kearney worth?

The Talmadge Jam Llc contract with City of Kearney is valued at $1,668,594 (maximum certified eligible project costs; estimated TIF rebate approximately $1,601,370 over 15 years), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Community Redevelopment Authority Minutes July 6, 2026 (Minutes), dated July 6, 2026 from City of Kearney. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Talmadge Jam Llc hold?

Talmadge Jam 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 Talmadge Jam Llc's profile

What is City of Kearney currently buying?

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

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