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City of Ottumwa Agenda Regular Meeting No. 20 2026-06-02

Development Agreement Collateral Assignment Approved for AV Ottumwa LLC

City of OttumwaAV OTTUMWA LLCJune 2, 2026

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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

Description

The Council approved a collateral assignment of an existing development agreement with AV Ottumwa, LLC and Nicolet National Bank, facilitating financial restructuring and ensuring development obligations are met.

Contract Details

Vendor

AV OTTUMWA LLC

Agency

City of Ottumwa, IA

Contract Type

OTHER

Document Date

June 2, 2026

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