City to Withhold Royal Flush TIF Payments to Cover Fines
City of MonticelloCity · Monticello, IA- Disclosed value
- $40,000.00
- From agendapacket
- Document date
- Jul 3, 2023
The 30-second brief
The City amended its development agreement implementation with Royal Flush Truck Wash, Inc to apply future TIF grant and rebate payments toward $40,000 in delinquent pre-treatment fines before issuing any remaining incentives. The original agreement includes seven $20,000 grants and 10 years of property tax rebates for the truck wash facility.
Royal Flush Truck Wash Inc holds this financial services contract with City of Monticello. Its other public contracts on record include work for Monticello Police Department.
Term as filed: Seven $20,000 grants and 10-year rebate schedule under existing development agreement; fines to be offset against future payments.
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Contract details
- Contract type
- Financial Services
- Amount
- $40,000.00
- Document date
- July 3, 2023
- Term
- Seven $20,000 grants and 10-year rebate schedule under existing development agreement; fines to be offset against future payments
- Agency
- City of Monticello
- Source document
- City of Monticello Agenda Packet 2023-07-03 (AgendaPacket)
Royal Flush Truck Wash Inc's other public contracts
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Questions about this contract
Who was awarded the financial services contract by City of Monticello?
Royal Flush Truck Wash Inc was awarded this financial services contract by City of Monticello, as recorded on July 3, 2023. The contract value is $40,000.00.
How much is the Royal Flush Truck Wash Inc contract with City of Monticello worth?
The Royal Flush Truck Wash Inc contract with City of Monticello is valued at $40,000.00, 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 Monticello Agenda Packet 2023-07-03 (AgendaPacket), dated July 3, 2023 from City of Monticello. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Royal Flush Truck Wash Inc hold?
Royal Flush Truck Wash Inc 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 Monticello currently buying?
Explore City of Monticello's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.