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

The Kennesaw Downtown Development Authority unanimously approved an inducement resolution for HEYKIM2, LLC’s rehabilitation of 2881 N. Main Street, establishing a framework for a 20-year tax abatement with annual PILOT payments and bond closing after the 12–18 month construction phase. This action initiates the Authority’s financial partnership in the project.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Approximately 12–18 months rehabilitation; 20-year tax abatement

Renewal

Inducement resolution contemplates a 20-year tax abatement term once bond financing is finalized; bond closing will occur at the end of construction.

Document type

AgendaPacket

Source document

Kennesaw Downtown Development Authority AgendaPacket 2026-08-14

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Kennesaw Downtown Development Authority Minutes 2026-07-10

APPROVED

City of Kennesaw, GeorgiaJul 10, 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 August 14, 2026.

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 Kennesaw Downtown Development Authority AgendaPacket 2026-08-14 (AgendaPacket), dated August 14, 2026 from City of Kennesaw. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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