District to Oversee Viridian TIRZ Project Expansion

The Viridian Municipal Management District is a principal party to the Second Amendment of the Viridian TIRZ Project Finance Plan. It manages, constructs, and maintains public improvements, administers economic development funding, and oversees annual project cost reallocations within a $361 million cap.

Scope & details

The full contract record, as filed.

Contract amount

$361,993,088 (TIRZ improvements managed and/or maintained)

Contract type

CONSTRUCTION

Contract term

Amended and Restated as of September 21, 2023; TIRZ term through December 31, 2041 or when obligations met

Renewal date

2041-12-31

Renewal

Ongoing agreement with amendments as needed; subject to annual maintenance responsibilities and TIRZ revenue allocations. Projected to terminate December 31, 2041, unless obligations satisfied sooner.

Document type

Agenda

Source document

arlington-housing-authority-agenda-2023-09-21_3e0.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Arlington Housing Authority?

Viridian Municipal Management District was awarded this construction contract by Arlington Housing Authority, as recorded on September 21, 2023. The contract value is $361,993,088 (TIRZ improvements managed and/or maintained).

How much is the Viridian Municipal Management District contract with Arlington Housing Authority worth?

The Viridian Municipal Management District contract with Arlington Housing Authority is valued at $361,993,088 (TIRZ improvements managed and/or maintained), covering construction work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in arlington-housing-authority-agenda-2023-09-21_3e0.pdf (Agenda), dated September 21, 2023 from Arlington Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Viridian Municipal Management District hold?

Viridian Municipal Management District 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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What is Arlington Housing Authority currently buying?

Explore Arlington Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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