PROFESSIONAL_SERVICESONGOING

City Hires Advisor for TIF #13 Feasibility Review

The City of Vermillion engaged Meierhenry Sargent LLP to perform an independent fiscal feasibility review of proposed Tax Increment District #13, assessing whether projected tax increments can support up to $1,105,832 in reimbursements. The July 6, 2026 report finds the developer’s TIF plan reasonably feasible while outlining associated financial risks and assumptions.

Status
ONGOING
Document date
July 13, 2026
Contract type
PROFESSIONAL_SERVICES
Vendor
Meierhenry Sargent Llp
Agency
Town of Vermillion · SD

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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 type
PROFESSIONAL_SERVICES
Contract term
Engagement for independent fiscal feasibility review completed July 6, 2026
Renewal
Single assignment engagement to review TIF #13 Project Plan; any future TIF reviews would require separate authorization or engagement.
Document type
AgendaPacket
Source document
City of Vermillion Planning & Zoning Commission Agenda Packet 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Town of Vermillion?

Meierhenry Sargent Llp was awarded this professional services contract by Town of Vermillion, as recorded on July 13, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Vermillion Planning & Zoning Commission Agenda Packet 2026-07-13 (AgendaPacket), dated July 13, 2026 from Town of Vermillion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Meierhenry Sargent Llp hold?

Meierhenry Sargent Llp 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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