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City of Norfolk Awards $4,015,810 Redevelopment Contract Contract to Foundry Apartments (December 2022)

City of Norfolk
Disclosed value
$4,015,810
From agenda
Approved
Dec 19, 2022
Term
15 years

The 30-second brief

What it covers

Resolution No. 2022-23 recommends approval of the Redevelopment Plan for the Foundry Apartments Redevelopment Project and authorization to forward to the City Council. The redeveloper is requesting TIF of $4,015,810. Total project costs, including private improvements, is expected to be over $26 million.

Who holds it

Foundry Apartments holds this redevelopment contract contract with City of Norfolk.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Redevelopment Contract
Amount
$4,015,810
Document date
December 19, 2022
Term
15 years
Vendor
Foundry Apartments
Agency
City of Norfolk
Source document
community_development_agency_agenda_december_19_20.pdf (Agenda)

Foundry Apartments's other public contracts

City of Norfolk, NebraskaFoundry Apartments secures bond for redevelopment project · Mar 3, 2025$4MCity of Norfolk, NebraskaFoundry Apartments Contract Amended for Completion Date · Jul 15, 2024$26.2MCity of Norfolk, NebraskaFoundry Apartments Redevelopment Project Approved · Feb 6, 2023$4MCity of Norfolk, NebraskaFoundry Apartments Seeks $4M TIF for Project · Nov 21, 2022$4MAll Foundry Apartments contractsVendor profile

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Questions about this contract

Who was awarded the redevelopment contract contract by City of Norfolk?

Foundry Apartments was awarded this redevelopment contract contract by City of Norfolk, as recorded on December 19, 2022. The contract value is $4,015,810.

How much is the Foundry Apartments contract with City of Norfolk worth?

The Foundry Apartments contract with City of Norfolk is valued at $4,015,810, covering redevelopment contract work.

What type of contract is this?

This is a Redevelopment Contract contract, documented as a agenda record.

Where was this contract approved?

This contract appears in community_development_agency_agenda_december_19_20.pdf (Agenda), dated December 19, 2022 from City of Norfolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Foundry Apartments hold?

Foundry Apartments 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 Norfolk currently buying?

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

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