Marion Plans TIF Development Agreement With East Grand Village
City of MarionCity · Marion, IA- Disclosed value
- Not to exceed $400,000 in tax increment financing assistance, plus legal and administrative fees not to exceed $10,000; proposed maximum indebtedness $410,000
- From agendapacket
- Document date
- Nov 7, 2026
The 30-second brief
Marion plans to enter into a Development Agreement with East Grand Village, LLC for redevelopment at 1155–1199 Grand Avenue. The proposed project includes a new approximately 8,000-square-foot commercial/retail building, demolition, and facade rehabilitation, with TIF assistance capped at $400,000 plus up to $10,000 in administrative fees.
East Grand Village LLC holds this contract with City of Marion.
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Contract details
- Amount
- Not to exceed $400,000 in tax increment financing assistance, plus legal and administrative fees not to exceed $10,000; proposed maximum indebtedness $410,000
- Document date
- November 7, 2026
- Vendor
- East Grand Village LLC
- Agency
- City of Marion
- Source document
- City of Marion AgendaPacket Planning and Zoning Commission Meeting 2026-11-10 (AgendaPacket)
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Questions about this contract
Who was awarded the government contract by City of Marion?
East Grand Village LLC was awarded this government contract by City of Marion, as recorded on November 7, 2026. The contract value is Not to exceed $400,000 in tax increment financing assistance, plus legal and administrative fees not to exceed $10,000; proposed maximum indebtedness $410,000.
How much is the East Grand Village LLC contract with City of Marion worth?
The East Grand Village LLC contract with City of Marion is valued at Not to exceed $400,000 in tax increment financing assistance, plus legal and administrative fees not to exceed $10,000; proposed maximum indebtedness $410,000.
What type of contract is this?
This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Marion AgendaPacket Planning and Zoning Commission Meeting 2026-11-10 (AgendaPacket), dated November 7, 2026 from City of Marion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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