CONTRACTAPPROVED

Sykesville Updates Funding MOU With Downtown Group

Town of Sykesville
Disclosed value
$70,000 annually ($50,000 loan repayment, $20,000 cash payment)
From minutes
Approved
Jun 8, 2026

The 30-second brief

What it covers

The Town of Sykesville Council approved an updated Memorandum of Understanding with the Downtown Sykesville Connection that provides $70,000 annually, including $50,000 for loan repayment on the DSC building and a $20,000 cash payment. The update clarifies roles and adjusts funding for inflation while keeping reporting requirements similar to the prior agreement.

Who holds it

Downtown Sykesville Connection holds this contract with Town of Sykesville.

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Contract details

Amount
$70,000 annually ($50,000 loan repayment, $20,000 cash payment)
Document date
June 8, 2026
Source document
Town of Sykesville Minutes Regular Council Meeting 2026-06-08 (Minutes)

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Questions about this contract

Who was awarded the government contract by Town of Sykesville?

Downtown Sykesville Connection was awarded this government contract by Town of Sykesville, as recorded on June 8, 2026. The contract value is $70,000 annually ($50,000 loan repayment, $20,000 cash payment).

How much is the Downtown Sykesville Connection contract with Town of Sykesville worth?

The Downtown Sykesville Connection contract with Town of Sykesville is valued at $70,000 annually ($50,000 loan repayment, $20,000 cash payment).

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Sykesville Minutes Regular Council Meeting 2026-06-08 (Minutes), dated June 8, 2026 from Town of Sykesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Downtown Sykesville Connection hold?

Downtown Sykesville Connection 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 Sykesville currently buying?

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

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