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Valley Drive Properties LLC seeks $1.22M TIF

City of Norfolk
Disclosed value
$1,220,476
From agenda
Document date
Apr 18, 2022
Term
15 years

The 30-second brief

What it covers

Valley Drive Properties, LLC seeks $1.22M TIF for redevelopment project. The project aims to construct 50 duplex units in three phases, enhancing affordable housing options. TIF financing is crucial for project feasibility.

Who holds it

Valley Drive Properties holds this tax increment financing (tif) contract with City of Norfolk. Its other public contracts on record include work for City of West Point.

What happens next

Term as filed: 15 years.

See who signed off on this $1.2M contract.

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Contract details

Contract type
Tax Increment Financing (Tif)
Amount
$1,220,476
Document date
April 18, 2022
Term
15 years
Vendor
Valley Drive Properties
Agency
City of Norfolk
Source document
community_development_agency_meeting_agenda_april.pdf (Agenda)

Valley Drive Properties's other public contracts

City of West Point, NebraskaValley Drive Properties LLC awarded $1.8M redevelopment contract · Sep 2, 2025$1.8MCity of Norfolk, NebraskaValley Drive Properties Redevelopment Project Phase 2 tax increment financing approved · Jun 16, 2025UndisclosedCity of Norfolk, NebraskaValley Drive Properties Redevelopment Contract Approved for Phase 1 · Jul 15, 2024UndisclosedCity of Norfolk, NebraskaValley Drive Properties Receives Redevelopment Project Approval · May 1, 2023UndisclosedCity of Norfolk, NebraskaValley Drive Properties LLC redevelopment project approved · Apr 3, 2023$1.2MAll Valley Drive Properties contractsVendor profile

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Questions about this contract

Who was awarded the tax increment financing (tif) contract by City of Norfolk?

Valley Drive Properties was awarded this tax increment financing (tif) contract by City of Norfolk, as recorded on April 18, 2022. The contract value is $1,220,476.

How much is the Valley Drive Properties contract with City of Norfolk worth?

The Valley Drive Properties contract with City of Norfolk is valued at $1,220,476, covering tax increment financing (tif) work.

What type of contract is this?

This is a Tax Increment Financing (Tif) contract, documented as a agenda record.

Where was this contract approved?

This contract appears in community_development_agency_meeting_agenda_april.pdf (Agenda), dated April 18, 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 Valley Drive Properties hold?

Valley Drive Properties 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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