GBHA Properties I, Inc. Agenda February 2026
Deferred Development Fee to Gorman & Company
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Description
Gorman & Company LLC holds a $4.36 million deferred development fee agreement for the Mason Manor rehabilitation, accruing 5% interest until full payment within 14 years of project completion.
Contract Details
Contract Amount
$4,355,585 deferred development fee plus 5% interest
Vendor
GORMAN & COMPANY LLC
Agency
City of Green Bay, WI
Contract Type
CONSTRUCTION
Document Date
February 19, 2026
Contract Term
Payable from available cash flow; due within 14 years of project completion
Renewal Info
Any unpaid balance after 14 years must be covered by managing member capital contribution.
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