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City of Norfolk Awards $3,500,000 Redevelopment Contract to North Kings Highway (January 2024)

City of Norfolk
Disclosed value
$3,500,000
From resolution
Approved
Jan 2, 2024
Term
15 years

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THE 30-SECOND BRIEF

What it covers

Approving the Redevelopment Contract with North Kings Highway, LLC, for the Sunset Plaza Redevelopment Project. The Agency will proceed to issue its Bond in the principal amount not to exceed $3,500,000, at an interest rate not to exceed 6.50%.

Who holds it

North Kings Highway holds this redevelopment contract with City of Norfolk.

What happens next

Term as filed: 15 years.

Contract details

Contract type
Redevelopment
Amount
$3,500,000
Document date
January 2, 2024
Term
15 years
Vendor
North Kings Highway
Agency
City of Norfolk
Source document
resolution_no_2024_2_approving_redevelopment_contr.pdf (Resolution)

North Kings Highway's other public contracts

City of Norfolk, NebraskaSunset Plaza Redevelopment Project tax increment financing approved · Jun 16, 2025UndisclosedCity of Norfolk, NebraskaNorth Kings Highway, LLC gets redevelopment contract · Jan 2, 2024$22.5MCity of Norfolk, NebraskaSunset Plaza Mall Revitalization Gets $3.5M TIF · Dec 4, 2023$3.5MCity of Norfolk, NebraskaSunset Plaza Mall Revitalization Project with TIF · Nov 6, 2023$3.5MCity of Norfolk, NebraskaSunset Plaza Mall redevelopment seeks $3.5M TIF · Oct 16, 2023$3.5MAll North Kings Highway contractsVendor profile

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Questions about this contract

Who was awarded the redevelopment contract by City of Norfolk?

North Kings Highway was awarded this redevelopment contract by City of Norfolk, as recorded on January 2, 2024. The contract value is $3,500,000.

How much is the North Kings Highway contract with City of Norfolk worth?

The North Kings Highway contract with City of Norfolk is valued at $3,500,000, covering redevelopment work.

What type of contract is this?

This is a Redevelopment contract, documented as a resolution record.

Where was this contract approved?

This contract appears in resolution_no_2024_2_approving_redevelopment_contr.pdf (Resolution), dated January 2, 2024 from City of Norfolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does North Kings Highway hold?

North Kings Highway 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 City of Norfolk currently buying?

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

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