Town of Lincoln Awards Professional Services Contract to Economic Development Group Ltd (September 2026)

The City of Lincoln entered into a professional services agreement with The Economic Development Group, Ltd. to provide technical and administrative support for the Lincoln Central Business District TIF District. The agreement mirrors Jacob & Klein’s terms with an initial $7,500 fee, ongoing $5,750 annual fees plus CPI, and capped reimbursable costs over a renewable three-year term.

Document date · September 29, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Initial Annual Administrative Fee $7,500.00; Base Annual Administrative Fee $5,750.00 plus annual CPI increase; Reimbursable Costs not to exceed $2,500.00 per year without prior written consent

Contract type

PROFESSIONAL_SERVICES

Contract term

Three (3) years commencing October 5, 2026, automatically renewing in three-year periods during the life of the Lincoln Central Business District TIF District unless non-renewed

Renewal

Agreement runs for an initial three-year term from October 5, 2026 and automatically renews for additional three-year periods during the life of the TIF District unless the City gives written non-renewal notice at least one year before the end of the current term.

Document type

AgendaPacket

Source document

City of Lincoln AgendaPacket Committee of the Whole Meeting 2026-09-29

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Town of Lincoln?

Economic Development Group Ltd was awarded this professional services contract by Town of Lincoln, as recorded on September 29, 2026. The contract value is Initial Annual Administrative Fee $7,500.00; Base Annual Administrative Fee $5,750.00 plus annual CPI increase; Reimbursable Costs not to exceed $2,500.00 per year without prior written consent.

How much is the Economic Development Group Ltd contract with Town of Lincoln worth?

The Economic Development Group Ltd contract with Town of Lincoln is valued at Initial Annual Administrative Fee $7,500.00; Base Annual Administrative Fee $5,750.00 plus annual CPI increase; Reimbursable Costs not to exceed $2,500.00 per year without prior written consent, covering professional services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Lincoln AgendaPacket Committee of the Whole Meeting 2026-09-29 (AgendaPacket), dated September 29, 2026 from Town of Lincoln. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Economic Development Group Ltd hold?

Economic Development Group Ltd 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 Economic Development Group Ltd's profile

What is Town of Lincoln currently buying?

Explore Town of Lincoln's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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