PROFESSIONAL_SERVICESAPPROVED

City of Stevens Point Awards Professional Services Contract to Arc Central Llc (March 2026)

The City of Stevens Point approved a development agreement with Arc Central LLC to construct condominiums at 1016 Third Street, selling the parcel for $1,000 plus providing up to $200,000 in financial incentives and $18,500 in environmental investigation funding, with tax increment clawbacks and right of first refusal on adjacent land.

Status
APPROVED
Document date
March 8, 2026
Contract type
PROFESSIONAL_SERVICES
Vendor
Arc Central Llc
Agency
City of Stevens Point · WI

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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 amount
$200,000 City incentive; $1,000 property sale price; Up to $18,500 in environmental assistance; total incentives up to $219,500 plus sale transaction
Contract type
PROFESSIONAL_SERVICES
Contract term
Through December 31, 2047 (per development agreement)
Renewal date
2047-12-31
Renewal
Agreement term through 2047; property restrictions and annual minimum tax payment guarantees last through agreement. Incentives paid at milestones. Amendments or assignment require City/RDA consent.
Document type
Agenda
Source document
City of Stevens Point Finance Committee Agenda March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City of Stevens Point?

Arc Central Llc was awarded this professional services contract by City of Stevens Point, as recorded on March 8, 2026. The contract value is $200,000 City incentive; $1,000 property sale price; Up to $18,500 in environmental assistance; total incentives up to $219,500 plus sale transaction.

How much is the Arc Central Llc contract with City of Stevens Point worth?

The Arc Central Llc contract with City of Stevens Point is valued at $200,000 City incentive; $1,000 property sale price; Up to $18,500 in environmental assistance; total incentives up to $219,500 plus sale transaction, covering professional services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Stevens Point Finance Committee Agenda March 2026 (Agenda), dated March 8, 2026 from City of Stevens Point. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Arc Central Llc hold?

Arc Central 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.

View Arc Central Llc's profile

What is City of Stevens Point currently buying?

Explore City of Stevens Point's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Stevens Point's profile

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