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City Backs AXIS Capital Workforce Housing Project with Tax Abatement

City of Storm Lake logoCity of Storm Lake
Document date
May 18, 2026
Renews
Free account

The 30-second brief

What it covers

The Storm Lake City Council adopted Resolution 66-R-2025-2026 supporting AXIS Capital’s Workforce Housing Tax Credit application for the 48-unit Beacon Point Apartments and committing to a 10-year 100% property tax exemption on the value added, excluding school levies, as required by Iowa Code.

Who holds it

Axis Capital holds this financial services contract with City of Storm Lake. Its other public contracts on record include work for Low Rent Housing Agency Of Sioux Center and Town of Sioux.

What happens next

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Contract details

Contract type
Financial Services
Document date
May 18, 2026
Term
Planned 10-year 100% exemption on value added (not including school levies)
Renews
Free account
Vendor
Axis Capital
Agency
City of Storm Lake
Source document
City of Storm Lake Regular Council Session Meeting Agenda Packet 2026-05-18 (AgendaPacket)

Axis Capital's other public contracts

City of Storm Lake, IowaCity backs AXIS Capital workforce housing tax credit · May 18, 2026UndisclosedLow Rent Housing Agency Of Sioux Center, IowaCity Backs Axis Capital Workforce Housing Bid · Apr 20, 2026UndisclosedTown of Sioux, North DakotaAxis Capital Approved for Housing Tax Credit Application · Jun 9, 2025UndisclosedLow Rent Housing Agency Of Sioux Center, IowaHousing Development Tax Credit Application · Jun 9, 2025UndisclosedCity of Sioux, IowaResolution supports Axis Capital's tax credit application. · Jun 9, 2025UndisclosedAll Axis Capital contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Storm Lake?

Axis Capital was awarded this financial services contract by City of Storm Lake, as recorded on May 18, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Storm Lake Regular Council Session Meeting Agenda Packet 2026-05-18 (AgendaPacket), dated May 18, 2026 from City of Storm Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Axis Capital hold?

Axis Capital 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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