OTHERAPPROVED

20-Year Ramp Lease Signed with Foundry on 3rd

The City of Wausau entered into a 20-year parking lease with Foundry on 3rd Ph 1, LLC for 100 reserved spaces at Ramp 4. The agreement features monthly payments at 20% below standard rates, tied to the city's published rates. Foundry is constructing a skywalk to the ramp.

Status
APPROVED
Document date
October 9, 2025
Contract type
OTHER
Vendor
Foundry on 3rd Ph 1 Llc
Agency
City of Wausau · WI

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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
$29.00 per stall per month, less 20% discount, for 100 stalls; total $2,320/month plus tax initial (subject to escalation)
Contract type
OTHER
Contract term
December 1, 2025 to December 1, 2045, or earlier termination
Renewal date
2045-12-01
Renewal
Term is 20 years but may terminate early if parking facility is closed or operations cease; rate escalates with city parking rates, but is capped at 5% per annum.
Document type
Agenda
Source document
Infrastructure and Facilities Committee Meeting Agenda

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Wausau?

Foundry on 3rd Ph 1 Llc was awarded this government contract by City of Wausau, as recorded on October 9, 2025. The contract value is $29.00 per stall per month, less 20% discount, for 100 stalls; total $2,320/month plus tax initial (subject to escalation).

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 $29.00 per stall per month, less 20% discount, for 100 stalls; total $2,320/month plus tax initial (subject to escalation).

What type of contract is this?

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

Where was this contract approved?

This contract appears in Infrastructure and Facilities Committee Meeting Agenda (Agenda), dated October 9, 2025 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.

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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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