City of Waterloo Awards $3,030,000 Financial Services Contract to Kel Mar Lc (August 2026)

Scope & details

The full contract record, as filed.

Contract amount

$3,030,000.00

Contract type

FINANCIAL_SERVICES

Contract term

One year at 75% rebate, one year at 70% rebate, eleven years at 50% rebate

Renewal

Agreement establishes a 13-year tax rebate schedule tied to minimum assessment; future modifications would require additional council approval.

Document type

Agenda

Source document

City of Waterloo Agenda 2026-08-17

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City of Waterloo Regular Session Agenda 2026-08-17

APPROVED

City of Waterloo, IowaTax rebate: 50% for years 1–15; minimum assessment $3,030,000.00Aug 14, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Waterloo?

Kel Mar Lc was awarded this financial services contract by City of Waterloo, as recorded on August 17, 2026. The contract value is $3,030,000.00.

How much is the Kel Mar Lc contract with City of Waterloo worth?

The Kel Mar Lc contract with City of Waterloo is valued at $3,030,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Waterloo Agenda 2026-08-17 (Agenda), dated August 17, 2026 from City of Waterloo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kel Mar Lc hold?

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

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