City Considers TIF Rebate for Timberview Phase II

Pella Timberview, LLC has submitted an economic development request to the City of Pella seeking $3,522,983 in tax increment financing rebates to reimburse public infrastructure costs for Phase II of the Timberview Residential Development. The proposed agreement would rebate incremental property tax revenues over roughly 15 years based on the development of 51 new residential lots.

Scope & details

The full contract record, as filed.

Contract amount

$3,522,983

Contract type

FINANCIAL_SERVICES

Contract term

Approximately 15-year TIF rebate period (projected 2030–2042)

Renewal date

2042-12-31

Renewal

TIF rebate would be structured as pay-as-you-go rebates of incremental property taxes over the projected 15-year period; the city would only rebate tax increment actually generated and received, with no obligation to cover revenue shortfalls.

Document type

AgendaPacket

Source document

City of Pella Economic Development Review Committee Agenda Packet 2026-08-27

Frequently asked questions

Common questions about this contract, answered from the record.

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

Pella Timberview Llc was awarded this financial services contract by City of Pella, as recorded on August 27, 2026. The contract value is $3,522,983.

How much is the Pella Timberview Llc contract with City of Pella worth?

The Pella Timberview Llc contract with City of Pella is valued at $3,522,983, 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 Pella Economic Development Review Committee Agenda Packet 2026-08-27 (AgendaPacket), dated August 27, 2026 from City of Pella. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pella Timberview Llc hold?

Pella Timberview 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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