City of Klamath Falls Awards $140,000 Financial Services Contract to Ferguson Hotel Development (February 2020)
City of Klamath FallsCity · Klamath Falls, OR- Disclosed value
- $140,000
- From agenda
- Approved
- Feb 18, 2020
The 30-second brief
Klamath Falls and its Urban Renewal Agency authorized a $140,000 funding assistance agreement with Ferguson Hotel Development to support construction of a new Hilton Hampton Inn & Suites at Timber Mill Shores, with a two-year occupancy requirement. The incentive draws on urban renewal developer support funds and will be repaid over time from increased tax increment.
Ferguson Hotel Development holds this financial services contract with City of Klamath Falls. Its other public contracts on record include work for City of McPherson and City of Zurich.
Term as filed: Funding assistance contingent on new hotel occupancy within approximately 2 years from award date.
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Contract details
- Contract type
- Financial Services
- Amount
- $140,000
- Document date
- February 18, 2020
- Term
- Funding assistance contingent on new hotel occupancy within approximately 2 years from award date
- Agency
- City of Klamath Falls
- Source document
- city-of-klamath-falls-agenda-2020-02-18_0f3.txt (Agenda)
Ferguson Hotel Development's other public contracts
More City of Klamath Falls contracts
Questions about this contract
Who was awarded the financial services contract by City of Klamath Falls?
Ferguson Hotel Development was awarded this financial services contract by City of Klamath Falls, as recorded on February 18, 2020. The contract value is $140,000.
How much is the Ferguson Hotel Development contract with City of Klamath Falls worth?
The Ferguson Hotel Development contract with City of Klamath Falls is valued at $140,000, 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-of-klamath-falls-agenda-2020-02-18_0f3.txt (Agenda), dated February 18, 2020 from City of Klamath Falls. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ferguson Hotel Development hold?
Ferguson Hotel Development 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 Klamath Falls currently buying?
Explore City of Klamath Falls's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.