City of Sheldon AgendaPacket Regular City Council Meeting 2026-06-17
TIF rebate and development deal for Beck Engineering
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Description
The Sheldon City Council approved a TIF rebate agreement with Beck Engineering, offering 100% rebate for four years and 40% in the fifth year, combined with a development contract that includes SCDC membership and a requirement to add two employees within 24 months. The agreement supports the firm’s local expansion and aligns with the City’s economic development objectives.
Contract Details
Contract Amount
TIF rebate: 100% for first 4 years, 40% in final year; SCDC membership $550
Vendor
BECK ENGINEERING
Agency
City of Sheldon, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 17, 2026
Contract Term
TIF rebate term: 5 years (100% for first 4 years, 40% for final year); add 2 employees within 24 months
Renewal Info
TIF rebate runs for five years with 100% rebate for the first four years and 40% in the fifth year; no further renewal terms mentioned.
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