City Continues TIF Agreement With Sikeston Development
City of SikestonCity · Sikeston, MO- Disclosed value
- $800,000.00 maximum reimbursable costs plus 4.5% per annum interest
- From agenda
- Document date
- Jan 4, 2021
The 30-second brief
The City of Sikeston continues its TIF redevelopment agreement with Sikeston Development Co., LLC, under which up to $800,000 in reimbursable costs plus interest are paid from tax increment revenues for infrastructure improvements. The agreement funds street extensions and reimburses the developer per agreed revenue-sharing formulas.
Sikeston 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.
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Contract details
- Contract type
- Financial Services
- Amount
- $800,000.00 maximum reimbursable costs 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)
Sikeston 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?
Sikeston Development Co LLC was awarded this financial services contract by City of Sikeston, as recorded on January 4, 2021. The contract value is $800,000.00 maximum reimbursable costs plus 4.5% per annum interest.
How much is the Sikeston Development Co LLC contract with City of Sikeston worth?
The Sikeston Development Co LLC contract with City of Sikeston is valued at $800,000.00 maximum reimbursable costs 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.
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What other contracts does Sikeston Development Co LLC hold?
Sikeston 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.