FINANCIAL_SERVICESAPPROVED

Provo School District Awards Financial Services Contract to Redevelopment Agency of Provo City (April 2020)

Provo School District entered into an interlocal agreement with the Redevelopment Agency of Provo City to share seventy percent of its tax increment from the Riverwoods Community Reinvestment Project Area, with total payments capped at $1,389,907 over tax years 2022–2033. The Agency will use the funds for infrastructure, development incentives, and operating costs under Utah redevelopment statutes.

Document date · April 20, 2020

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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
Not to exceed $1,389,907
Contract type
FINANCIAL_SERVICES
Contract term
Tax years 2022 through 2033 (paid in 2034); agreement term runs from publication of notice through 180 days after final payment and automatically terminates December 31, 2040
Renewal date
2040-12-31
Renewal
Agreement has a defined Project Area Funds Collection Period for tax years 2022–2033 and automatically terminates on December 31, 2040; no automatic renewal or extension options are provided, and any amendments must be in writing and signed by both parties.
Document type
Contract
Source document
provo-school-district-contract-2020-04-20_845.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Provo School District?

Redevelopment Agency of Provo City was awarded this financial services contract by Provo School District, as recorded on April 20, 2020. The contract value is Not to exceed $1,389,907.

How much is the Redevelopment Agency of Provo City contract with Provo School District worth?

The Redevelopment Agency of Provo City contract with Provo School District is valued at Not to exceed $1,389,907, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in provo-school-district-contract-2020-04-20_845.pdf (Contract), dated April 20, 2020 from Provo School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Redevelopment Agency of Provo City hold?

Redevelopment Agency of Provo City 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 Redevelopment Agency of Provo City's profile

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