Council Finalizes Land Sale for Senior Housing Project

Mason City Council approved Resolution 2026-24 authorizing the sale of part of 950 Temple Street to TWG Development, LLC for a senior housing project. The action empowers City officials to execute all documents needed to close the transaction under the existing purchase agreement and PILOT framework.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Renewal

Project supported by a Payment in Lieu of Taxes (PILOT) set at 4% of net rental income through Ordinances 253 and 262; ongoing PILOT payments estimated at about $16,855 annually for the City, subject to project performance and ordinance terms.

Document type

AgendaPacket

Source document

City of Mason Agenda Packet 2026-08-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Mason?

Twg Development Llc was awarded this government contract by City of Mason, as recorded on August 5, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Mason Agenda Packet 2026-08-05 (AgendaPacket), dated August 5, 2026 from City of Mason. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Twg Development Llc hold?

Twg Development 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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