Cotton Ridge TIF Reimbursement Agreement Ongoing
City of SikestonCity · Sikeston, MO- Disclosed value
- $390,737.33 + $193,993.11 certified reimbursable costs (total $584,730.44) plus 4.5% per annum interest
- From agenda
- Document date
- Jan 4, 2021
The 30-second brief
Sikeston maintains an amended TIF redevelopment agreement with Cotton Ridge Development Co., LLC, reimbursing certified project costs totaling $584,730.44 plus interest from tax increment revenues. Payments follow a revenue-sharing schedule once earlier developer costs are satisfied.
Cotton Ridge Development Co LLC holds this financial services contract with City of Sikeston. Its other public contracts on record include work for City of Sykeston and City of Sikeston city.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $390,737.33 + $193,993.11 certified reimbursable costs (total $584,730.44) plus 4.5% per annum interest
- Document date
- January 4, 2021
- Agency
- City of Sikeston
- Source document
- city-of-sikeston-agenda-2021-01-04_e21.pdf (Agenda)
Cotton Ridge Development Co LLC's other public contracts
More City of Sikeston contracts
Questions about this contract
Who was awarded the financial services contract by City of Sikeston?
Cotton Ridge Development Co LLC was awarded this financial services contract by City of Sikeston, as recorded on January 4, 2021. The contract value is $390,737.33 + $193,993.11 certified reimbursable costs (total $584,730.44) plus 4.5% per annum interest.
How much is the Cotton Ridge Development Co LLC contract with City of Sikeston worth?
The Cotton Ridge Development Co LLC contract with City of Sikeston is valued at $390,737.33 + $193,993.11 certified reimbursable costs (total $584,730.44) plus 4.5% per annum interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city-of-sikeston-agenda-2021-01-04_e21.pdf (Agenda), dated January 4, 2021 from City of Sikeston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Cotton Ridge Development Co LLC hold?
Cotton Ridge Development Co 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 Sikeston currently buying?
Explore City of Sikeston's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.