Bradford Business Park TIF contract amended for Sub-Phase 4

The Community Development Agency approved a Fourth Amendment to the Bradford Business Park Phase One Redevelopment Contract with Greater Norfolk Economic Development Foundation, Inc., creating Sub-Phase 4. The action establishes TIF tax division for nine parcels effective January 1, 2026 for a period 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 for Sub-Phase 4 beginning January 1, 2026

Renewal date

2041-01-01

Renewal

This is the Fourth Amendment to the original 2020 Redevelopment Contract, following amendments in 2022, 2023, and 2025; Sub-Phase 4 TIF will run up to 15 years from January 1, 2026.

Document type

AgendaPacket

Source document

Community Development Agency Agenda Packet 2026-06-15

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Norfolk Planning Commission Agenda Packet May 7 2024

Frequently asked questions

Common questions about this contract, answered from the record.

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

Greater Norfolk Economic Development Foundation Inc 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.

What other contracts does Greater Norfolk Economic Development Foundation Inc hold?

Greater Norfolk Economic Development Foundation Inc 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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