Newton Considers Legacy Plaza Development Agreement Amendment

The Newton City Council will consider assigning and amending the Legacy Plaza private development agreement for Matilda Maytag, LLC. The proposed revisions replace the planned hotel with market-rate apartments, eliminate hotel-motel tax revenue, and extend TIF and redevelopment grant terms through 2047, including an earlier $65,000 City reimbursement.

Document date · September 21, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$65,000 reimbursement

Contract type

OTHER

Contract term

TIF period and redevelopment grant schedule extended through 2047

Renewal

Second amendment and assignment; TIF period and redevelopment grant schedule proposed to continue through 2047.

Document type

Agenda

Source document

Newton City Council Agenda September 21, 2026

Related contracts

Other contracts from Matilda Maytag Llc.

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City of Newton AgendaPacket September 21, 2026 Council Meeting

PENDING

City of Newton, Iowa$65,000 reimbursement; revised TIF and redevelopment grant termsSep 21, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Newton?

Matilda Maytag Llc was awarded this government contract by City of Newton, as recorded on September 21, 2026. The contract value is $65,000 reimbursement.

How much is the Matilda Maytag Llc contract with City of Newton worth?

The Matilda Maytag Llc contract with City of Newton is valued at $65,000 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 Newton City Council Agenda September 21, 2026 (Agenda), dated September 21, 2026 from City of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Matilda Maytag Llc hold?

Matilda Maytag 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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