Mission reviews TIF deal with Foxridge Mission LLC

Mission is weighing an ordinance to approve a revised TIF district plan, adopt a redevelopment project plan, and enter into a redevelopment agreement with Foxridge Mission, LLC for a 307-unit multifamily project at 5665 Foxridge. The TIF assistance would be structured as pay-as-you-go reimbursements with revenue sharing between the developer and the City over a term of up to 20 years.

Document date · March 5, 2025

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Up to 20-year TIF project plan term for 5665 Foxridge

Renewal

Project Plan contemplates a maximum 20-year TIF term beginning on the effective date of approval; redevelopment agreement terms, including TIF revenue sharing percentages and duration, remain under negotiation.

Document type

AgendaPacket

Source document

City of Mission Finance & Administration Committee Agenda Packet 2025-03-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Mission?

Foxridge Mission Llc was awarded this financial services contract by Town of Mission, as recorded on March 5, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Mission Finance & Administration Committee Agenda Packet 2025-03-05 (AgendaPacket), dated March 5, 2025 from Town of Mission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Foxridge Mission Llc hold?

Foxridge Mission 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.

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