City of Omega city Awards $2,000,000 Financing Contract to Home2 Suites (December 2024)
City of Omega cityCity · GA- Disclosed value
- $2,000,000
- From meeting minutes
- Approved
- Dec 2, 2024
- Term
- 12 year payback period
The 30-second brief
Rome Redevelopment Agency approved a $2 million tax incremental financing request for the Home2Suites hotel project. The project is expected to break ground in 2025, with a payback period of 12 years under Tax Allocation District guidelines.
Home2 Suites holds this financing contract with City of Omega city. Its other public contracts on record include work for Kelso School District and TGU Public School District 60.
Term as filed: 12 year payback period.
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Contract details
- Contract type
- Financing
- Amount
- $2,000,000
- Document date
- December 2, 2024
- Term
- 12 year payback period
- Vendor
- Home2 Suites
- Agency
- City of Omega city
- Source document
- city-of-omega-citymeeting-minutes2024-12-02_2ed.pdf (Meeting Minutes)
Home2 Suites's other public contracts
More City of Omega city contracts
Questions about this contract
Who was awarded the financing contract by City of Omega city?
Home2 Suites was awarded this financing contract by City of Omega city, as recorded on December 2, 2024. The contract value is $2,000,000.
How much is the Home2 Suites contract with City of Omega city worth?
The Home2 Suites contract with City of Omega city is valued at $2,000,000, covering financing work.
What type of contract is this?
This is a Financing contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-omega-citymeeting-minutes2024-12-02_2ed.pdf (Meeting Minutes), dated December 2, 2024 from City of Omega city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Home2 Suites hold?
Home2 Suites 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 Omega city currently buying?
Explore City of Omega city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.