FINANCIAL_SERVICESAMENDED

Water PILOT Agreement Extended with City of Memphis

The Memphis Light Gas & Water Board is amending and extending the 2001 Water PILOT Agreement with the City of Memphis, providing annual payments of $2,500,000 through fiscal year 2028–2048. The agreement covers dividend and in-lieu-of-tax payments related to the water facility at 191 Beale Street.

Document date · September 1, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,500,000.00 Annually
Contract type
FINANCIAL_SERVICES
Contract term
Extension - 20 years (Fiscal Year 2028 - 2048)
Renewal date
2048-09-30
Renewal
Existing 2001 agreement is extended for an additional 20 years through fiscal year 2048, with annual payments of $2,500,000.00. Future amendments or renewals would occur after 2048.
Document type
AgendaPacket
Source document
MLGW Agenda Committee Discussion 2026-09-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Memphis?

City of Memphis was awarded this financial services contract by City of Memphis, as recorded on September 1, 2026. The contract value is $2,500,000.00 Annually.

How much is the City of Memphis contract with City of Memphis worth?

The City of Memphis contract with City of Memphis is valued at $2,500,000.00 Annually, 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 MLGW Agenda Committee Discussion 2026-09-01 (AgendaPacket), dated September 1, 2026 from City of Memphis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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