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

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $1,868,829 in cumulative tax increment

Contract type

FINANCIAL_SERVICES

Contract term

Tax years 2021–2026 for increment payments, agreement terminates no later than December 31, 2040

Renewal date

2040-12-31

Renewal

Agreement term runs until 180 days after the last tax increment payment from Utah County to the Agency, but in no event beyond December 31, 2040. If the cumulative tax increment cap of $1,868,829 is not reached before December 31, 2027, the agreement expires on that date; if the cap is reached earlier, the Agency’s interest in the levy ceases and all taxes revert to the District.

Document type

Contract

Source document

provo-school-districtcontract2020-04-20_9cc.pdf

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Provo Municipal Council Regular Meeting Agenda 2026-08-11

PENDING

Town of Provo, South DakotaAug 7, 2026

provo-school-district-contract-2020-04-20_845.pdf

APPROVED

Provo School District, UtahNot to exceed $1,389,907Apr 20, 2020

provo-school-districtcontract2020-04-20_a07.pdf

APPROVED

Provo School District, UtahNot to exceed $1,626,446Apr 20, 2020

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 $1,868,829 in cumulative tax increment.

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 $1,868,829 in cumulative tax increment, 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-districtcontract2020-04-20_9cc.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

What is Provo School District currently buying?

Explore Provo School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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