OTHERAPPROVED

Pre-Development Deal Approved for Affordable Apartments

The Marshall City Council approved a pre-development agreement with RLIC Land Holdings, LLC to support a 60-unit affordable family apartment complex, including $325,000 cash incentive, $325,000 property acquisition option, and $500,000 in pooled TIF. Additional $10,000 from Statewide Affordable Housing Aid also contributed.

Document date · July 9, 2024

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$325,000 cash incentive, $325,000 property acquisition option, $500,000 Pooled TIF funds, $10,000 Statewide Affordable Housing Aid
Contract type
OTHER
Contract term
through January 31, 2025
Renewal date
2025-01-31
Renewal
Agreement terminates January 31, 2025 unless extended.
Document type
Agenda
Source document
City of Marshall Council Meeting Agenda July 2024

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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 Marshall?

Rlic Land Holdings Llc was awarded this government contract by City of Marshall, as recorded on July 9, 2024. The contract value is $325,000 cash incentive, $325,000 property acquisition option, $500,000 Pooled TIF funds, $10,000 Statewide Affordable Housing Aid.

How much is the Rlic Land Holdings Llc contract with City of Marshall worth?

The Rlic Land Holdings Llc contract with City of Marshall is valued at $325,000 cash incentive, $325,000 property acquisition option, $500,000 Pooled TIF funds, $10,000 Statewide Affordable Housing Aid.

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 Marshall Council Meeting Agenda July 2024 (Agenda), dated July 9, 2024 from City of Marshall. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rlic Land Holdings Llc hold?

Rlic Land Holdings Llc 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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