OTHERAPPROVED

County Approves Economic Development MOU with MCDC

The Board of Supervisors approved a Memorandum of Understanding with the Montgomery County Development Corporation establishing an economic development partnership, including a $30,000 FY 2023/2024 investment, potential additional program funding, and up to $18,000 for BNSF Rail Spur repairs. The MOU also aligns with a 50/50 City/County contribution model for future rail spur operational costs.

Status
APPROVED
Document date
July 5, 2023
Contract type
OTHER
Vendor
Montgomery County Development Corporation
Agency
Montgomery County · IA

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TerraCycle logo
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Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$30,000 investment for FY 2023/2024; up to $18,000 additional for rail spur repairs; plus 50% share of rail spur operational costs not to exceed $3,000 (City portion referenced separately)
Contract type
OTHER
Contract term
Fiscal Year 2023/2024 for investment and repairs; Fiscal Year 2024/2025 for operational cost share cap reference
Renewal date
2024-06-30
Renewal
MOU outlines funding commitments for FY 2023/2024 and references operational cost sharing for FY 2024/2025; duration beyond these periods is not specified and would require future board action.
Document type
Minutes
Source document
Montgomery County Board of Supervisors Minutes 2023-07-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Montgomery County?

Montgomery County Development Corporation was awarded this government contract by Montgomery County, as recorded on July 5, 2023. The contract value is $30,000 investment for FY 2023/2024; up to $18,000 additional for rail spur repairs; plus 50% share of rail spur operational costs not to exceed $3,000 (City portion referenced separately).

How much is the Montgomery County Development Corporation contract with Montgomery County worth?

The Montgomery County Development Corporation contract with Montgomery County is valued at $30,000 investment for FY 2023/2024; up to $18,000 additional for rail spur repairs; plus 50% share of rail spur operational costs not to exceed $3,000 (City portion referenced separately).

What type of contract is this?

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

Where was this contract approved?

This contract appears in Montgomery County Board of Supervisors Minutes 2023-07-05 (Minutes), dated July 5, 2023 from Montgomery County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Montgomery County Development Corporation hold?

Montgomery County Development Corporation 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 Montgomery County Development Corporation's profile

What is Montgomery County currently buying?

Explore Montgomery County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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