Kent Approved CRA Agreement for Klaben Lincoln Dealership | City of Kent | KLABEN PROPERTY MANAGEMENT LLC

Scope & details

The full contract record, as filed.

Contract amount

Approximately $10,150,000 total project investment

Contract type

OTHER

Contract term

75% real property tax exemption for 15 years; exemption may not commence after December 31, 2026 or extend beyond December 31, 2040

Renewal date

2040-12-31

Renewal

Historical agreement later recommended for rescission because required construction payroll information was unavailable and no tax exemption had yet applied.

Document type

Agenda

Source document

City of Kent Agenda 2026-10-07

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Kent?

Klaben Property Management Llc was awarded this government contract by City of Kent, as recorded on October 6, 2026. The contract value is Approximately $10,150,000 total project investment.

How much is the Klaben Property Management Llc contract with City of Kent worth?

The Klaben Property Management Llc contract with City of Kent is valued at Approximately $10,150,000 total project investment.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Kent Agenda 2026-10-07 (Agenda), dated October 6, 2026 from City of Kent. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Klaben Property Management Llc hold?

Klaben Property Management 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.

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