Marshall sets TIF-backed deal for Maunesha Myles

The Village of Marshall plans to enter into a Master Development Agreement with Rasmussen Development LLC for the Maunesha Myles subdivision Phase 1. Under the agreement the developer will construct and dedicate all public improvements with a $1,147,192.50 security deposit, while the Village provides up to $600,000 in tax increment incentive payments over the life of TID 2.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $600,000 in tax increment incentive payments plus $1,147,192.50 cash deposit provided by developer as security

Contract type

OTHER

Contract term

Improvements for Phase 1 to be completed within 18 months of final plat recording; tax increment incentive payments annually from 2025 until TID 2 required closure date (no later than 2039)

Renewal

Agreement runs with the land and may be amended only by mutual consent; tax increment incentive payments continue annually until statutory closure of TID 2, with no extensions beyond the TID closure date.

Document type

Agenda

Source document

City of Los Angeles Agenda Regular City Council Meeting 2026-07-21

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Marshall village?

Rasmussen Development Llc was awarded this government contract by Marshall village, as recorded on July 16, 2026. The contract value is Not to exceed $600,000 in tax increment incentive payments plus $1,147,192.50 cash deposit provided by developer as security.

How much is the Rasmussen Development Llc contract with Marshall village worth?

The Rasmussen Development Llc contract with Marshall village is valued at Not to exceed $600,000 in tax increment incentive payments plus $1,147,192.50 cash deposit provided by developer as security.

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 Los Angeles Agenda Regular City Council Meeting 2026-07-21 (Agenda), dated July 16, 2026 from Marshall village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rasmussen Development Llc hold?

Rasmussen 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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