City of Orange Beach Awards $7,500,000 Financial Services Contract to Wharf Retail Properties Llc (September 2026)

Scope & details

The full contract record, as filed.

Contract amount

$7,500,000.00

Contract type

FINANCIAL_SERVICES

Contract term

Sale closing September 2026; leaseback through December 31, 2026; warrant payable quarterly until earlier of December 31, 2035 or paid in full

Renewal date

2035-12-31

Renewal

The 2026 Warrant amends and restates prior warrants, increasing principal to $13,859,690.51 and is payable quarterly from pledged tax revenues until paid in full or December 31, 2035, whichever comes first. The Development Agreement allows setoff and provides that obligations may extend beyond 2035 if warrant amounts are carried forward due to funding limitations.

Document type

Agenda

Source document

Orange Beach City Council Regular Committee of the Whole Meeting Agenda 2026-09-01

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Orange Beach City Council AgendaPacket 2026-10-06

DISCUSSED

City of Orange Beach, Alabama$1,800, $3,000, or $5,000 sponsorship levelsOct 4, 2026

Orange Beach City Council Regular Committee of the Whole Meeting Agenda 2026-09-01

APPROVED

City of Orange Beach, Alabama$1,935,000Sep 1, 2026

Orange Beach City Council Regular Committee of the Whole Meeting Agenda 2026-09-01

APPROVED

City of Orange Beach, AlabamaSep 1, 2026

orange_beach_city_council_regular_meeting_agenda_m.pdf

APPROVED

City of Orange Beach, AlabamaMar 5, 2024

Orange Beach City Council Agenda January 2024

AMENDED

City of Orange Beach, AlabamaJan 16, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Orange Beach?

Wharf Retail Properties Llc was awarded this financial services contract by City of Orange Beach, as recorded on September 1, 2026. The contract value is $7,500,000.00.

How much is the Wharf Retail Properties Llc contract with City of Orange Beach worth?

The Wharf Retail Properties Llc contract with City of Orange Beach is valued at $7,500,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Orange Beach City Council Regular Committee of the Whole Meeting Agenda 2026-09-01 (Agenda), dated September 1, 2026 from City of Orange Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wharf Retail Properties Llc hold?

Wharf Retail Properties 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.

View Wharf Retail Properties Llc's profile

What is City of Orange Beach currently buying?

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