CONTRACTAPPROVED

Town of Rockford Awards $940,100 Development And Reimbursement Agreement Contract to Hotel Rose (January 2024)

Disclosed value: $940,100; From resolution
Approved: Jan 8, 2024
Term: Until December 31, 2040

See who signed off on this $940.1K contract.

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THE 30-SECOND BRIEF

What it covers

Rockford DDA approves $940,100 reimbursement agreement with Hotel Rose, LLC for public facility improvements related to the construction of a 54-room hotel. The agreement outlines the terms for reimbursement from tax increment revenues, with payments capped at 75% annually and a termination date of December 31, 2040.

Who holds it

Hotel Rose holds this development and reimbursement agreement contract with Town of Rockford. Its other public contracts on record include work for City of Rockford and Town of Climax.

What happens next

Term as filed: Until December 31, 2040.

Contract details

Contract type: Development And Reimbursement Agreement
Amount: $940,100
Document date: January 8, 2024
Term: Until December 31, 2040
Vendor: Hotel Rose
Agency: Town of Rockford
Source document: city-of-rockford-downtown-development-authority-resolution-january-8-2024_4f7.pdf (Resolution)

Hotel Rose's other public contracts

City of Rockford, MichiganCouncil To Consider Social District Permit For Hotel Rose · Sep 8, 2025Undisclosed City of Rockford, MichiganRockford City Council approves easement with Hotel Rose · Sep 9, 2024Undisclosed Town of Climax, MichiganHotel Rose easement approved · Sep 9, 2024Undisclosed Town of Rock River, MichiganHotel Rose gets easement approved · Sep 9, 2024Undisclosed Town of Gore, MichiganEasement Agreement Approved with Hotel Rose · Sep 9, 2024Undisclosed All Hotel Rose contractsVendor profile

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Questions about this contract

Who was awarded the development and reimbursement agreement contract by Town of Rockford?

Hotel Rose was awarded this development and reimbursement agreement contract by Town of Rockford, as recorded on January 8, 2024. The contract value is $940,100.

How much is the Hotel Rose contract with Town of Rockford worth?

The Hotel Rose contract with Town of Rockford is valued at $940,100, covering development and reimbursement agreement work.

What type of contract is this?

This is a Development And Reimbursement Agreement contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city-of-rockford-downtown-development-authority-resolution-january-8-2024_4f7.pdf (Resolution), dated January 8, 2024 from Town of Rockford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hotel Rose hold?

Hotel Rose 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 Town of Rockford currently buying?

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

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