OTHERAPPROVED

Kel Mar LC Receives 15-Year Tax Rebate Deal

Waterloo approved a Development and Minimum Assessment Agreement with Kel Mar, LC for a new 60,000 square-foot warehouse south of 1575 W. Big Rock Road, featuring a 50% tax rebate for 15 years and a $3,030,000 minimum assessment. The Mayor and City Clerk are authorized to execute the agreement.

Status
APPROVED
Document date
August 14, 2026
Contract type
OTHER
Vendor
Kel Mar Lc
Agency
City of Waterloo · IA

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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
Tax rebate: 50% for years 1–15; minimum assessment $3,030,000.00
Contract type
OTHER
Contract term
15-year tax rebate schedule
Renewal
Agreement includes a 15-year 50% tax rebate schedule tied to a minimum assessment of $3,030,000.00.
Document type
Agenda
Source document
City of Waterloo Regular Session Agenda 2026-08-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Waterloo?

Kel Mar Lc was awarded this government contract by City of Waterloo, as recorded on August 14, 2026. The contract value is Tax rebate: 50% for years 1–15; minimum assessment $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 Tax rebate: 50% for years 1–15; minimum assessment $3,030,000.00.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Waterloo Regular Session Agenda 2026-08-17 (Agenda), dated August 14, 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.

View Kel Mar Lc's profile

What is City of Waterloo currently buying?

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

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