Waterloo Approves Roadway Services Deal With MV21

The City of Waterloo approved and executed a Road Dedication, Acceptance, and Municipal Services Payment Agreement with MV21, LLC for the Highland Terrace roadway. MV21, LLC will make an initial $13,400 payment on September 1, 2026, followed by adjusted annual payments to offset the City's maintenance and municipal service obligations until all benefited units are subject to property taxation.

Scope & details

The full contract record, as filed.

Contract amount

$13,400.00 on September 1, 2026; $14,070.00 by January 31, 2027; future annual payments increasing 5% as applicable

Contract type

OTHER

Contract term

Initial payment September 1, 2026; annual payments due January 31 each year until all benefited units/lots are taxable or as pro rata reduced thereafter

Renewal date

2027-01-31

Renewal

Agreement continues with annual municipal services payments that increase 5% per year, terminating when all units/lots served by Highland Terrace are taxable, with pro rata reductions if some units become taxable after 2027. Amendments require a written instrument authorized by City Council resolution.

Document type

AgendaPacket

Source document

City of Waterloo Plan Commission Agenda Packet 2026-08-25

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Waterloo?

Mv21 Llc was awarded this government contract by City of Waterloo, as recorded on August 25, 2026. The contract value is $13,400.00 on September 1, 2026; $14,070.00 by January 31, 2027; future annual payments increasing 5% as applicable.

How much is the Mv21 Llc contract with City of Waterloo worth?

The Mv21 Llc contract with City of Waterloo is valued at $13,400.00 on September 1, 2026; $14,070.00 by January 31, 2027; future annual payments increasing 5% as applicable.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Waterloo Plan Commission Agenda Packet 2026-08-25 (AgendaPacket), dated August 25, 2026 from City of Waterloo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mv21 Llc hold?

Mv21 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.

View Mv21 Llc's profile

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