OTHERPENDING

Watertown Planning Commission Recommends $2.1M TIF Grant to SCI Development

The City of Watertown Planning Commission recommended approval of a Tax Increment Financing (TIF) agreement with SCI Development, LLC, acting as conduit for a grant reimbursement up to $2,105,215. The funds will offset infrastructure costs for the development of affordable single-family homes in the Harmony Hill Subdivision, with the obligation ending in 20 years or once the cap is reached.

Document date · March 19, 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

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $2,105,215
Contract type
OTHER
Contract term
Up to 20 years, or until paid in full, whichever occurs first
Renewal date
2046-03-19
Renewal
Duration is up to 20 years; any expenditures above $2,105,215 require a formal amendment to the TIF plan as per SDCL §11-9-23.
Document type
Agenda
Source document
City of Watertown Planning Commission Agenda March 19 2026

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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 Watertown?

Sci Development Llc was awarded this government contract by City of Watertown, as recorded on March 19, 2026. The contract value is Not to exceed $2,105,215.

How much is the Sci Development Llc contract with City of Watertown worth?

The Sci Development Llc contract with City of Watertown is valued at Not to exceed $2,105,215.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Watertown Planning Commission Agenda March 19 2026 (Agenda), dated March 19, 2026 from City of Watertown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sci Development Llc hold?

Sci Development 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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