CONTRACTAPPROVED

City of Powell Awards Facilities Contract to Marjorie Bennett Trust (May 2024)

City of Powell logoCity of Powell
Disclosed value
$6.25 million; $200,000 earnest money deposit
From meeting minutes
Approved
May 21, 2024

The 30-second brief

What it covers

Powell City Council approved emergency Ordinance 2024-19 authorizing a real estate purchase agreement with the Marjorie Bennett Trust to acquire a major undeveloped parcel on State Route 750 for $6.25 million, including earnest money and due diligence terms. The property is intended for parkland and other public-serving uses, with future community input on final plans.

Who holds it

Marjorie Bennett Trust holds this facilities contract with City of Powell. Its other public contracts on record include work for Town of Powell.

What happens next

Term as filed: 60-day or less diligence period (extendable 30 days with $100,000 deposit) plus 30 days post-diligence closing.

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Contract details

Contract type
Facilities
Amount
$6.25 million; $200,000 earnest money deposit
Document date
May 21, 2024
Term
60-day or less diligence period (extendable 30 days with $100,000 deposit) plus 30 days post-diligence closing
Source document
city-of-powell-meeting-minutes-2024-05-21_2cd.pdf (Meeting Minutes)

Marjorie Bennett Trust's other public contracts

More City of Powell contracts

Questions about this contract

Who was awarded the facilities contract by City of Powell?

Marjorie Bennett Trust was awarded this facilities contract by City of Powell, as recorded on May 21, 2024. The contract value is $6.25 million; $200,000 earnest money deposit.

How much is the Marjorie Bennett Trust contract with City of Powell worth?

The Marjorie Bennett Trust contract with City of Powell is valued at $6.25 million; $200,000 earnest money deposit, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-powell-meeting-minutes-2024-05-21_2cd.pdf (Meeting Minutes), dated May 21, 2024 from City of Powell. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Marjorie Bennett Trust hold?

Marjorie Bennett Trust 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 Powell currently buying?

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

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