FINANCIAL_SERVICESPENDING

Ocho Indy LLC Included in Proposed Sandhills TIF

Ocho Indy LLC is proposed to participate in a fifteen-year TIF district for the Sandhills 6th & 7th Addition, leveraging an estimated $6.78 million in TIF support toward $7.42 million in infrastructure costs for an industrial park projected to reach over $59 million in value. The proposal is pending approval by the City and other taxing entities.

Document date · November 2, 2023

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TerraCycle logo
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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Projected TIF support approximately $6,780,000 of $7,423,500 infrastructure costs
Contract type
FINANCIAL_SERVICES
Contract term
15-year Tax Increment Financing (TIF) district term
Renewal
TIF structure proposes a fixed fifteen-year term with debt service supported by property tax increment at an anticipated 5.00% interest; no renewal options described.
Document type
AgendaPacket
Source document
City of West Fargo Economic Development Advisory Committee Agenda Packet 2023-11-02

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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 West Fargo?

Ocho Indy Llc was awarded this financial services contract by City of West Fargo, as recorded on November 2, 2023. The contract value is Projected TIF support approximately $6,780,000 of $7,423,500 infrastructure costs.

How much is the Ocho Indy Llc contract with City of West Fargo worth?

The Ocho Indy Llc contract with City of West Fargo is valued at Projected TIF support approximately $6,780,000 of $7,423,500 infrastructure costs, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of West Fargo Economic Development Advisory Committee Agenda Packet 2023-11-02 (AgendaPacket), dated November 2, 2023 from City of West Fargo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ocho Indy Llc hold?

Ocho Indy 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.

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