Holdrege CRA plans TIF contract for 219 Grant

The Community Redevelopment Authority of Holdrege plans to enter into a Redevelopment Contract with Holdrege Repair and Restore to redevelop a deteriorated commercial property at 219 Grant Street using tax increment financing. The agreement will provide up to $500,000 in TIF revenues over 15 years to support structural repairs, utility upgrades, and conversion into two commercial units and a residential apartment.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $500,000.00 or the total certified Project Costs (TIF revenues)

Contract type

FACILITIES

Contract term

15 years of tax increment financing beginning July 1, 2026; project completion required by July 1, 2027

Renewal date

2042-05-15

Renewal

TIF allocation runs for a fixed 15-year period from the effective date of July 1, 2026 and cannot exceed $500,000 or total certified project costs; no renewal or extension is contemplated beyond the statutory TIF period.

Document type

AgendaPacket

Source document

City of Holdrege AgendaPacket 2026-07-21

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Holdrege?

Holdrege Repair & Restore was awarded this facilities contract by City of Holdrege, as recorded on July 21, 2026. The contract value is Not to exceed $500,000.00 or the total certified Project Costs (TIF revenues).

How much is the Holdrege Repair & Restore contract with City of Holdrege worth?

The Holdrege Repair & Restore contract with City of Holdrege is valued at Not to exceed $500,000.00 or the total certified Project Costs (TIF revenues), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Holdrege AgendaPacket 2026-07-21 (AgendaPacket), dated July 21, 2026 from City of Holdrege. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Holdrege Repair & Restore hold?

Holdrege Repair & Restore 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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