FINANCIAL_SERVICESPENDING

Greenhill Village Commons TIF Agreement Anticipated

Cedar Falls is preparing a development agreement with Big Hand Pepper, LLC to develop the 16-lot Greenhill Village Commons subdivision, with up to $625,000 in TIF-funded Economic Development Grants reimbursing a portion of an estimated $1.25 million in public infrastructure. The arrangement will leverage a new urban renewal area and a ten-year residential TIF district.

Status
PENDING
Document date
April 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Big Hand Pepper Llc
Agency
City of Cedar Falls · 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
Public infrastructure costs estimated at $1,250,000; Economic Development Grants not to exceed the lesser of $625,000 or 50% of actual infrastructure costs
Contract type
FINANCIAL_SERVICES
Contract term
Up to ten annual Economic Development Grant payments; TIF use limited to ten years from second fiscal year after first debt certification
Renewal
Economic Development Grants will terminate after the earlier of ten annual payments, expiration of the City's ability to collect tax increment for the area, reaching the $625,000/50% reimbursement cap, or termination under the agreement terms. Residential TIF authority for the area is limited to ten years after the second fiscal year following initial debt certification.
Document type
Agenda
Source document
City of Cedar Falls Planning and Zoning Commission Agenda April 22 2026

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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 Cedar Falls?

Big Hand Pepper Llc was awarded this financial services contract by City of Cedar Falls, as recorded on April 22, 2026. The contract value is Public infrastructure costs estimated at $1,250,000; Economic Development Grants not to exceed the lesser of $625,000 or 50% of actual infrastructure costs.

How much is the Big Hand Pepper Llc contract with City of Cedar Falls worth?

The Big Hand Pepper Llc contract with City of Cedar Falls is valued at Public infrastructure costs estimated at $1,250,000; Economic Development Grants not to exceed the lesser of $625,000 or 50% of actual infrastructure costs, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Cedar Falls Planning and Zoning Commission Agenda April 22 2026 (Agenda), dated April 22, 2026 from City of Cedar Falls. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Big Hand Pepper Llc hold?

Big Hand Pepper 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 Big Hand Pepper Llc's profile

What is City of Cedar Falls currently buying?

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

View City of Cedar Falls's profile

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