IRB Incentives Proposed for Stone Creek Residences Project

Derby is considering an IRB incentive package for Stone Creek Residences, LLC to support a 144-unit affordable multifamily housing project. The proposal includes a 10-year 60% property tax abatement and 100% sales tax exemption on construction materials, subject to a detailed performance and PILOT agreement.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

10-year 60% property tax abatement

Renewal

Abatement term is 10 years with a review at year 5; the City may cancel or decline renewal of the abatement if PILOT conditions are not met and can annually withhold certification to the County upon default.

Document type

AgendaPacket

Source document

City of Derby Agenda Packet 2026-07-14

Related contracts

Other contracts from Stone Creek Residences Llc.

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City of Derby Agenda Community Development Advisory Board Meeting 2026-08-05

Derby City Council Minutes 2026-07-14

DISCUSSED

City of Derby, KansasJul 14, 2026

Derby Community Development Advisory Board Meeting Agenda May 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Stone Creek Residences Llc was awarded this financial services contract by City of Derby, as recorded on July 12, 2026.

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 Derby Agenda Packet 2026-07-14 (AgendaPacket), dated July 12, 2026 from City of Derby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Stone Creek Residences Llc hold?

Stone Creek Residences 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 Stone Creek Residences Llc's profile

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