FINANCIAL_SERVICESAPPROVED

Town of Shell Creek Awards Financial Services Contract to Valley Drive Properties Llc (May 2026)

The City of Columbus approved a Loan Assumption Agreement with Valley Drive Properties, LLC, which assumes a $600,000 LB840 economic development loan at 2% interest originally issued to K Herman Development, LLC. The agreement is secured by a new deed of trust on Vitality Village properties and governs repayment for ongoing workforce housing construction.

Status
APPROVED
Document date
May 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Valley Drive Properties Llc
Agency
Town of Shell Creek · NE

Trusted by teams at

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
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
$600,000.00 with two percent (2%) interest
Contract type
FINANCIAL_SERVICES
Renewal
Single promissory note of $600,000 at 2% interest, amortized per Exhibit A attached to the Loan Assumption Agreement; no further City disbursements for Project 1 are permitted, and Project 2 funds require a separate future amendment at the City Council’s discretion.
Document type
Resolution
Source document
City of Columbus Resolution R26-76 Loan Assumption Agreement

Related contracts

Other contracts from Valley Drive Properties Llc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Shell Creek?

Valley Drive Properties Llc was awarded this financial services contract by Town of Shell Creek, as recorded on May 12, 2026. The contract value is $600,000.00 with two percent (2%) interest.

How much is the Valley Drive Properties Llc contract with Town of Shell Creek worth?

The Valley Drive Properties Llc contract with Town of Shell Creek is valued at $600,000.00 with two percent (2%) interest, 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 City of Columbus Resolution R26-76 Loan Assumption Agreement (Resolution), dated May 12, 2026 from Town of Shell Creek. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Valley Drive Properties Llc hold?

Valley Drive Properties 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.

View Valley Drive Properties Llc's profile

What is Town of Shell Creek currently buying?

Explore Town of Shell Creek's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Shell Creek's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free