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Polk City Plans $1.8 Million Minimum Assessment Agreement

City of Polk logoCity of Polk
Disclosed value
Minimum assessed value of $1,800,000
From agendapacket
Document date
Oct 15, 2026
Renews
Free account

The 30-second brief

What it covers

Polk City is considering a minimum assessment agreement with HBU DEV PC1, LLC tied to the commercial phase of the 510 S. 3rd Street project. The agreement would establish a minimum Phase 2 assessed value of $1.8 million beginning January 1, 2033.

Who holds it

Hbu Dev Pc1 LLC holds this contract with City of Polk.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Polk contract.

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Contract details

Amount
Minimum assessed value of $1,800,000
Document date
October 15, 2026
Term
Minimum assessment effective January 1, 2033; assessment agreement to be entered by November 1, 2026 and before closing
Renews
Free account
Vendor
Hbu Dev Pc1 LLC
Agency
City of Polk
Source document
Polk City AgendaPacket Special Meeting 510 S. 3rd Street Development 2026-10-15 (AgendaPacket)

Hbu Dev Pc1 LLC's other public contracts

City of Polk, IowaPolk City Considers $150,000 Property Sale Agreement · Oct 15, 2026$150KCity of Polk, IowaPolk City Considers Mixed-Use Development Agreement · Oct 15, 2026UndisclosedCity of Polk, IowaPolk City Recommends Property Sale to HBU DEV PC1 · Oct 15, 2026$150KAll Hbu Dev Pc1 LLC contractsVendor profile

More City of Polk contracts

Hbu Dev Pc1 LLCPolk City Considers Mixed-Use Development Agreement · Oct 15, 2026UndisclosedHbu Dev Pc1 LLCPolk City Considers $150,000 Property Sale Agreement · Oct 15, 2026$150KHbu Dev Pc1 LLCPolk City Recommends Property Sale to HBU DEV PC1 · Oct 15, 2026$150KDci GroupPolk City Plans $59,611 DCI Group Park Payment · Oct 12, 2026$59.6KIowa Athletic Field Construction CompanyPolk City Plans $87K Athletic Field Payment · Oct 12, 2026$87.3KAll City of Polk activityAgency profile

Questions about this contract

Who was awarded the government contract by City of Polk?

Hbu Dev Pc1 LLC was awarded this government contract by City of Polk, as recorded on October 15, 2026. The contract value is Minimum assessed value of $1,800,000.

How much is the Hbu Dev Pc1 LLC contract with City of Polk worth?

The Hbu Dev Pc1 LLC contract with City of Polk is valued at Minimum assessed value of $1,800,000.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Polk City AgendaPacket Special Meeting 510 S. 3rd Street Development 2026-10-15 (AgendaPacket), dated October 15, 2026 from City of Polk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hbu Dev Pc1 LLC hold?

Hbu Dev Pc1 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 Polk currently buying?

Explore City of Polk's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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