FINANCIAL_SERVICESAPPROVED

SPRADLEY FARMS IMPROVEMENT DISTRICT Awards Financial Services Contract to Town East Mall Llc (March 2025)

The Mesquite City Council approved a Chapter 380 Economic Development Performance Agreement with Town East Mall, LLC to retain the Macy’s store as a mall anchor. The deal offers up to $2.5 million in sales tax rebates over 10 years plus City-funded entryway improvements, contingent on sales and maintenance benchmarks.

Status
APPROVED
Document date
March 3, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Town East Mall Llc
Agency
SPRADLEY FARMS IMPROVEMENT DISTRICT · TX

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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
Up to $2.5 million in sales tax rebates over 10 years; City participation of $150,000.00 in entryway improvements
Contract type
FINANCIAL_SERVICES
Contract term
Minimum 5 years, incentives available for up to 10 years
Renewal
Agreement offers incentives for up to 10 years with annual eligibility based on maintaining at least $15 million in sales and property standards; if sales fall below the threshold, Macy’s has one year to re-qualify for future rebates.
Document type
Minutes
Source document
city_council_minutes_final_march_3_2025.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 SPRADLEY FARMS IMPROVEMENT DISTRICT?

Town East Mall Llc was awarded this financial services contract by SPRADLEY FARMS IMPROVEMENT DISTRICT, as recorded on March 3, 2025. The contract value is Up to $2.5 million in sales tax rebates over 10 years; City participation of $150,000.00 in entryway improvements.

How much is the Town East Mall Llc contract with SPRADLEY FARMS IMPROVEMENT DISTRICT worth?

The Town East Mall Llc contract with SPRADLEY FARMS IMPROVEMENT DISTRICT is valued at Up to $2.5 million in sales tax rebates over 10 years; City participation of $150,000.00 in entryway improvements, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_council_minutes_final_march_3_2025.pdf (Minutes), dated March 3, 2025 from SPRADLEY FARMS IMPROVEMENT DISTRICT. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Town East Mall Llc hold?

Town East Mall 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 Town East Mall Llc's profile

What is SPRADLEY FARMS IMPROVEMENT DISTRICT currently buying?

Explore SPRADLEY FARMS IMPROVEMENT DISTRICT's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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