Tarlton Properties Faces $1.81 Million BMR In-Lieu Fee for Menlo Park Project

Tarlton Properties, Inc. is required to pay an estimated $1.81 million BMR housing in-lieu fee to the City of Menlo Park as a condition for its planned redevelopment project at 1125 O'Brien Drive. The Housing Commission is considering a recommendation for this payment prior to building permit issuance.

Scope & details

The full contract record, as filed.

Contract amount

$1,812,433.44 (estimated)

Contract type

OTHER

Contract term

One-time fee, payable prior to building permit issuance

Renewal

Fee is a one-time, non-recurring payment. Amount subject to adjustment if project square footage changes before payment.

Document type

Agenda

Source document

City of Menlo Park Housing Commission Regular Meeting Agenda June 2023

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Menlo Park?

Tarlton Properties Inc was awarded this government contract by City of Menlo Park, as recorded on June 7, 2023. The contract value is $1,812,433.44 (estimated).

How much is the Tarlton Properties Inc contract with City of Menlo Park worth?

The Tarlton Properties Inc contract with City of Menlo Park is valued at $1,812,433.44 (estimated).

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Menlo Park Housing Commission Regular Meeting Agenda June 2023 (Agenda), dated June 7, 2023 from City of Menlo Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tarlton Properties Inc hold?

Tarlton Properties 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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