Maxwell Considers Rock Creek Ridge Development Agreement
City of MaxwellCity · IA- Disclosed value
- $80,000 maximum grant; $520,000 maximum tax-increment payments; $42,782 city-cost reimbursement
- From agenda
- Document date
- Oct 26, 2026
- Renews
- Free account
The 30-second brief
Maxwell considered a Development Agreement with Third Millennium Development LLC for Rock Creek Ridge. The draft requires reimbursement of $42,782 in city costs and allows up to $80,000 in grant assistance plus up to $520,000 in tax-increment payments through June 1, 2040.
Third Millennium Development LLC holds this contract with City of Maxwell.
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Contract details
- Amount
- $80,000 maximum grant; $520,000 maximum tax-increment payments; $42,782 city-cost reimbursement
- Document date
- October 26, 2026
- Term
- Commencement date in 2026 through the final payment, no later than June 1, 2040
- Renews
- On record
- Vendor
- Third Millennium Development LLC
- Agency
- City of Maxwell
- Source document
- Maxwell City Council Agenda 2026-10-26 (Agenda)
More City of Maxwell contracts
Questions about this contract
Who was awarded the government contract by City of Maxwell?
Third Millennium Development LLC was awarded this government contract by City of Maxwell, as recorded on October 26, 2026. The contract value is $80,000 maximum grant; $520,000 maximum tax-increment payments; $42,782 city-cost reimbursement.
How much is the Third Millennium Development LLC contract with City of Maxwell worth?
The Third Millennium Development LLC contract with City of Maxwell is valued at $80,000 maximum grant; $520,000 maximum tax-increment payments; $42,782 city-cost reimbursement.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Maxwell City Council Agenda 2026-10-26 (Agenda), dated October 26, 2026 from City of Maxwell. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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