City of Kennesaw Awards Financial Services Contract to Heykim2 Llc (July 2026)

The Kennesaw Downtown Development Authority approved an inducement resolution for HEYKIM2, LLC for the rehabilitation of 2881 N. Main Street, including a 20-year tax abatement with annual PILOT payments. The bond closing will occur at the end of the 12–18 month construction phase under the authority’s standard inducement template.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

20-year tax abatement; bond closing at end of construction phase after 12–18 month rehabilitation

Renewal

Resolution establishes a 20-year tax abatement period with annual PILOT payments; no renewals or extensions specified beyond this term.

Document type

Minutes

Source document

Kennesaw Downtown Development Authority Minutes 2026-07-10

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Kennesaw Downtown Development Authority AgendaPacket 2026-08-14

APPROVED

City of Kennesaw, GeorgiaAug 14, 2026

Kennesaw Downtown Development Authority Agenda Packet 2026-07-10

PENDING

City of Kennesaw, Georgia$100,000 grant from KDDA (plus separate $100,000 grant from KDA)Jul 10, 2026

Kennesaw Downtown Development Authority Agenda Packet 2026-07-10

PENDING

City of Kennesaw, GeorgiaEconomic development revenue bonds not to exceed an aggregate principal amount of $__________ (Maximum Bond Amount to be finalized)Jul 10, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Heykim2 Llc was awarded this financial services contract by City of Kennesaw, as recorded on July 10, 2026.

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 Kennesaw Downtown Development Authority Minutes 2026-07-10 (Minutes), dated July 10, 2026 from City of Kennesaw. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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