FACILITIESPENDING

Lease-purchase financing proposed for Crossroads property

The City introduced an ordinance to enter a lease-purchase arrangement with the City of Omaha Public Facilities Corporation, leveraging about $40 million in lease revenue bonds to acquire property at the Crossroads Redevelopment Site. The package includes a site lease and trust indenture with BOKF as trustee.

Status
PENDING
Document date
October 8, 2024
Contract type
FACILITIES
Vendor
City of Omaha Public Facilities Corporation
Agency
City of Omaha · 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 amount
Approximately $40,000,000.00 (lease revenue bond financing)
Contract type
FACILITIES
Renewal
The lease-purchase structure will be governed by bond terms; specific lease duration and renewal provisions are to be set in final financing documents.
Document type
Minutes
Source document
City of Omaha City Council Meeting Minutes October 8, 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Omaha?

City of Omaha Public Facilities Corporation was awarded this facilities contract by City of Omaha, as recorded on October 8, 2024. The contract value is Approximately $40,000,000.00 (lease revenue bond financing).

How much is the City of Omaha Public Facilities Corporation contract with City of Omaha worth?

The City of Omaha Public Facilities Corporation contract with City of Omaha is valued at Approximately $40,000,000.00 (lease revenue bond financing), covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Omaha City Council Meeting Minutes October 8, 2024 (Minutes), dated October 8, 2024 from City of Omaha. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does City of Omaha Public Facilities Corporation hold?

City of Omaha Public Facilities Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View City of Omaha Public Facilities Corporation's profile

What is City of Omaha currently buying?

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

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