City Weighs $160K Aid for Hotel Project
City of Klamath FallsCity · Klamath Falls, OR- Disclosed value
- $160,000 (staff-recommended assistance amount); developer requested $250,000
- From agenda
- Document date
- Mar 18, 2019
The 30-second brief
The Urban Renewal Agency will consider providing developer assistance to Ferguson Properties for a proposed Fairfield Inn hotel at Timber Mill Shores, with staff recommending a $160,000 support agreement to offset system development charges. The assistance would be repaid from future tax increment if the City advances funds upfront.
Ferguson Properties holds this financial services contract with City of Klamath Falls. Its other public contracts on record include work for Town of Shell Creek and City of Frederick.
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Contract details
- Contract type
- Financial Services
- Amount
- $160,000 (staff-recommended assistance amount); developer requested $250,000
- Document date
- March 18, 2019
- Vendor
- Ferguson Properties
- Agency
- City of Klamath Falls
- Source document
- city-of-klamath-falls-agenda-2019-03-18_0af.txt (Agenda)
Ferguson Properties'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 Properties was awarded this financial services contract by City of Klamath Falls, as recorded on March 18, 2019. The contract value is $160,000 (staff-recommended assistance amount); developer requested $250,000.
How much is the Ferguson Properties contract with City of Klamath Falls worth?
The Ferguson Properties contract with City of Klamath Falls is valued at $160,000 (staff-recommended assistance amount); developer requested $250,000, 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-2019-03-18_0af.txt (Agenda), dated March 18, 2019 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 Properties hold?
Ferguson Properties 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.