Port Of Greater Cincinnati Development Authority Awards Financial Services Contract to Standard Property Company Inc (November 2024)
Port Of Greater Cincinnati Development AuthorityPublic Authority · Cincinnati, OH- Disclosed value
- Not to exceed $65,000,000 (bond issuance amount)
- From resolution
- Approved
- Nov 18, 2024
The 30-second brief
The Port of Greater Cincinnati Development Authority approved a resolution to issue up to $65 million in tax-exempt multifamily housing revenue bonds and loan the proceeds to Standard Property Company Inc. to acquire and rehabilitate the 349-unit Gateway Plaza Apartments in Cincinnati. The borrower will bear all issuance costs and the resolution is effective through November 30, 2025 with possible extension.
Standard Property Company Inc holds this financial services contract with Port Of Greater Cincinnati Development Authority. Its other public contracts on record include work for Chelsea Housing Authority and Torrance Unified.
Term as filed: November 18, 2024 through November 30, 2025, with potential extension at Authority's discretion.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $65,000,000 (bond issuance amount)
- Document date
- November 18, 2024
- Term
- November 18, 2024 through November 30, 2025, with potential extension at Authority's discretion
- Source document
- Port of Greater Cincinnati Development Authority Resolution 2024-26 (Resolution)
Standard Property Company Inc's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Port Of Greater Cincinnati Development Authority?
Standard Property Company Inc was awarded this financial services contract by Port Of Greater Cincinnati Development Authority, as recorded on November 18, 2024. The contract value is Not to exceed $65,000,000 (bond issuance amount).
How much is the Standard Property Company Inc contract with Port Of Greater Cincinnati Development Authority worth?
The Standard Property Company Inc contract with Port Of Greater Cincinnati Development Authority is valued at Not to exceed $65,000,000 (bond issuance amount), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Port of Greater Cincinnati Development Authority Resolution 2024-26 (Resolution), dated November 18, 2024 from Port Of Greater Cincinnati Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Standard Property Company Inc hold?
Standard Property Company 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.
What is Port Of Greater Cincinnati Development Authority currently buying?
Explore Port Of Greater Cincinnati Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.