FINANCIAL_SERVICESONGOING

TIF division approved for Valley Drive Phase 3

The Community Development Agency approved Resolution 2026-3 to implement tax increment financing for seven lots in Phase 3 of the Valley Drive Properties Redevelopment Project. The Agency Treasurer will file a Notice to Divide Tax effective January 1, 2026, initiating up to 15 years of TIF support.

Status
ONGOING
Document date
June 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Valley Drive Properties Llc
Agency
City of Norfolk · NE

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Tax increment financing period not to exceed 15 years starting January 1, 2026
Renewal date
2041-01-01
Renewal
TIF on the seven identified lots in Phase 3 will run for a period not to exceed 15 years from January 1, 2026, as provided in the 2022 Redevelopment Contract.
Document type
AgendaPacket
Source document
Community Development Agency Agenda Packet 2026-06-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Norfolk?

Valley Drive Properties Llc was awarded this financial services contract by City of Norfolk, as recorded on June 15, 2026.

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 Community Development Agency Agenda Packet 2026-06-15 (AgendaPacket), dated June 15, 2026 from City of Norfolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Valley Drive Properties Llc hold?

Valley Drive Properties 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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