City of Locust Grove Awards Financial Services Contract to City of Hampton (July 2026)
- Disclosed value
- 1% sales and use tax; share of proceeds 3.55% of net FLOST collections over approximately five years
- From agendapacket
- Approved
- Jul 6, 2026
- Renews
- Free account
The 30-second brief
Locust Grove approved an Intergovernmental Agreement that also includes the City of Hampton to establish a 1% Floating Local Option Sales Tax for property tax relief. Hampton will receive 3.55% of net FLOST proceeds under the five-year agreement, pending voter approval.
City of Hampton holds this financial services contract with City of Locust Grove. Its other public contracts on record include work for Colonial Soil And Water Conservation District and North Iowa Regional Housing Authority.
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Contract details
- Contract type
- Financial Services
- Amount
- 1% sales and use tax; share of proceeds 3.55% of net FLOST collections over approximately five years
- Document date
- July 6, 2026
- Term
- Expected January 1, 2027 – December 31, 2032 (five-year FLOST period, with renewal provisions)
- Renews
- On record
- Vendor
- City of Hampton
- Agency
- City of Locust Grove
- Source document
- City of Locust Grove Agenda Packet 2026-07-06 (AgendaPacket)
City of Hampton's other public contracts
More City of Locust Grove contracts
Questions about this contract
Who was awarded the financial services contract by City of Locust Grove?
City of Hampton was awarded this financial services contract by City of Locust Grove, as recorded on July 6, 2026. The contract value is 1% sales and use tax; share of proceeds 3.55% of net FLOST collections over approximately five years.
How much is the City of Hampton contract with City of Locust Grove worth?
The City of Hampton contract with City of Locust Grove is valued at 1% sales and use tax; share of proceeds 3.55% of net FLOST collections over approximately five years, covering financial services work.
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 City of Locust Grove Agenda Packet 2026-07-06 (AgendaPacket), dated July 6, 2026 from City of Locust Grove. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does City of Hampton hold?
City of Hampton 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 Locust Grove currently buying?
Explore City of Locust Grove's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.