Circle Development Agreement Amended For $7 Million Loan
City of NewtonCity · Newton, IA- Disclosed value
- $7,000,000.00
- From agenda
- Document date
- Oct 19, 2026
The 30-second brief
Newton City Council is considering a fourth amended development agreement with The Circle Development for Project Fastpitch. The proposed amendment would replace tax rebates with a $7 million forgivable loan released after project benchmarks are met.
Circle Development LLC holds this contract with City of Newton.
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Contract details
- Amount
- $7,000,000.00
- Document date
- October 19, 2026
- Vendor
- Circle Development LLC
- Agency
- City of Newton
- Source document
- Newton City Council Agenda October 19, 2026 (Agenda)
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Questions about this contract
Who was awarded the government contract by City of Newton?
Circle Development LLC was awarded this government contract by City of Newton, as recorded on October 19, 2026. The contract value is $7,000,000.00.
How much is the Circle Development LLC contract with City of Newton worth?
The Circle Development LLC contract with City of Newton is valued at $7,000,000.00.
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 October 19, 2026 (Agenda), dated October 19, 2026 from City of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Circle Development LLC hold?
Circle 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.
What is City of Newton currently buying?
Explore City of Newton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.