FINANCIAL_SERVICESAPPROVED

City of Wausau Awards Financial Services Contract to Foundry on 3rd Ph 1 Llc (August 2026)

The City of Wausau is authorizing issuance of a taxable Tax Increment Revenue Bond of up to $6,000,000 to Foundry on 3rd PH 1, LLC under an existing development agreement. The bond bears 5.50% interest, is repaid solely from 80% of tax increment generated in TID #12, and matures on August 15, 2045 with total payments capped at $10,800,000.

Status
APPROVED
Document date
August 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Foundry on 3rd Ph 1 Llc
Agency
City of Wausau · WI

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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
Up to $6,000,000; cumulative payments capped at $10,800,000
Contract type
FINANCIAL_SERVICES
Contract term
From issuance date to August 15, 2045
Renewal date
2045-08-15
Renewal
Bond matures on 2045-08-15 with no obligation for the City to pay any principal or interest remaining unpaid after that date or upon early TID #12 termination; no renewal or extension options are provided.
Document type
Agenda
Source document
City of Wausau Agenda Finance Committee 2026-08-25

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Foundry on 3rd Ph 1 Llc was awarded this financial services contract by City of Wausau, as recorded on August 25, 2026. The contract value is Up to $6,000,000; cumulative payments capped at $10,800,000.

How much is the Foundry on 3rd Ph 1 Llc contract with City of Wausau worth?

The Foundry on 3rd Ph 1 Llc contract with City of Wausau is valued at Up to $6,000,000; cumulative payments capped at $10,800,000, 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 Wausau Agenda Finance Committee 2026-08-25 (Agenda), dated August 25, 2026 from City of Wausau. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Foundry on 3rd Ph 1 Llc hold?

Foundry on 3rd Ph 1 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 Foundry on 3rd Ph 1 Llc's profile

What is City of Wausau currently buying?

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

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