PROFESSIONAL_SERVICESAMENDED

MVG Engineering Cost Repayment Note Approved

The Harbor Point Development Corporation board approved an amendment to its purchase and sale agreement with MVG to remove stranded engineering costs from the closing. Instead, the buyer will execute a separate note and side agreement to reimburse approximately $125,576.67 in engineering fees within 90 days of closing, interest-free during that period and then at prime, secured by a mortgage if unpaid.

Document date · August 19, 2026

Track city of Utica contracts

Get alerts when new contracts are awarded or existing ones approach renewal at city of Utica.

Get started free

Create a free account · no credit card

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$125,576.67 (approximately $126,000, less $15,000 already paid)
Contract type
PROFESSIONAL_SERVICES
Contract term
Note payable within 90 days of real estate closing
Renewal
This is a restructuring of the repayment obligation for existing engineering contracts rather than a renewal; payment is due within 90 days post-closing, with interest at prime accruing after 90 days and secured by a mortgage if unpaid. Interest that would accrue during the initial 90 days is forgiven if payment is made on or before day 90.
Document type
Transcript
Source document
City of Utica Transcript Harbor Point Development Corporation Meeting 2026-08-19

Related contracts

Other contracts from MVG.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by city of Utica?

MVG was awarded this professional services contract by city of Utica, as recorded on August 19, 2026. The contract value is $125,576.67 (approximately $126,000, less $15,000 already paid).

How much is the MVG contract with city of Utica worth?

The MVG contract with city of Utica is valued at $125,576.67 (approximately $126,000, less $15,000 already paid), covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a transcript record.

Where was this contract approved?

This contract appears in City of Utica Transcript Harbor Point Development Corporation Meeting 2026-08-19 (Transcript), dated August 19, 2026 from city of Utica. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does MVG hold?

MVG may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View MVG's profile

What is city of Utica currently buying?

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

View city of Utica's profile