Etowah OKs LOI with Eagle Bend Development
Town of EtowahCity · AR- Disclosed value
- Non-refundable $225,000 donation if no issues arise
- From meeting minutes
- Approved
- Sep 27, 2021
The 30-second brief
Etowah approved a Letter of Intent with Eagle Bend Development for a long-term development project featuring a 36‑month term, due diligence periods, and a reversionary clause. If the project advances without issues, Eagle Bend will make a non-refundable $225,000 donation to the City.
Eagle Bend Development holds this contract with Town of Etowah. Its other public contracts on record include work for City of Sweetwater city.
Term as filed: 36-month term with possible extensions based on progress; 90-120 days for financing and planning after signing; 90-day due diligence exit period.
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Contract details
- Amount
- Non-refundable $225,000 donation if no issues arise
- Document date
- September 27, 2021
- Term
- 36-month term with possible extensions based on progress; 90-120 days for financing and planning after signing; 90-day due diligence exit period
- Vendor
- Eagle Bend Development
- Agency
- Town of Etowah
- Source document
- town-of-etowah-meeting-minutes-2021-09-27_bd2.pdf (Meeting Minutes)
Eagle Bend Development's other public contracts
More Town of Etowah contracts
Questions about this contract
Who was awarded the government contract by Town of Etowah?
Eagle Bend Development was awarded this government contract by Town of Etowah, as recorded on September 27, 2021. The contract value is Non-refundable $225,000 donation if no issues arise.
How much is the Eagle Bend Development contract with Town of Etowah worth?
The Eagle Bend Development contract with Town of Etowah is valued at Non-refundable $225,000 donation if no issues arise.
What type of contract is this?
This is a government contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in town-of-etowah-meeting-minutes-2021-09-27_bd2.pdf (Meeting Minutes), dated September 27, 2021 from Town of Etowah. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Eagle Bend Development hold?
Eagle Bend Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Etowah currently buying?
Explore Town of Etowah's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.