TIF tax division approved for Foundry Apartments LLC

The Community Development Agency approved Resolution 2026-1 amending the Foundry Apartments, LLC redevelopment tax increment financing by directing a Notice to Divide Tax for its single project parcel effective January 1, 2026. The Agency Treasurer is authorized to submit the notice to the Madison County Assessor for a TIF period of up to 15 years.

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 for the specified parcel will run for a period not to exceed 15 years from January 1, 2026, under the existing Redevelopment Contract as amended June 30, 2024.

Document type

AgendaPacket

Source document

Community Development Agency Agenda Packet 2026-06-15

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norfolk_city_council_meeting_agenda_september_15_2.pdf

PENDING

City of Norfolk, NebraskaSep 15, 2025

community_development_agency_meeting_minutes_feb_6.pdf

APPROVED

City of Norfolk, Nebraska$4,015,810 (tax increment financing, total project cost over $26 million)Feb 6, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

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

Foundry Apartments 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.

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