City of San Buenaventura (Ventura) Awards Financial Services Contract to Hofer Properties Llc (May 2025)

Ventura City Council authorized the City Manager to execute a $10,000,000 Funding Agreement with multiple Hofer-affiliated entities, including Hofer Properties, LLC, to support the Olivas Park Drive Extension and Levee project. The agreement must be fully executed within 14 days of the Council's action.

Scope & details

The full contract record, as filed.

Contract amount

$10,000,000 (funding agreement share; combined with related entities)

Contract type

FINANCIAL_SERVICES

Contract term

To be executed within 14 days of Council action

Renewal

New funding agreement authorization totaling $10,000,000 with Hofer-affiliated entities; specific renewal or extension terms are not detailed in the minutes.

Document type

Minutes

Source document

city_of_ventura_city_council_minutes_may_6_2025.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of San Buenaventura (Ventura)?

Hofer Properties Llc was awarded this financial services contract by City of San Buenaventura (Ventura), as recorded on May 6, 2025. The contract value is $10,000,000 (funding agreement share; combined with related entities).

How much is the Hofer Properties Llc contract with City of San Buenaventura (Ventura) worth?

The Hofer Properties Llc contract with City of San Buenaventura (Ventura) is valued at $10,000,000 (funding agreement share; combined with related entities), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_of_ventura_city_council_minutes_may_6_2025.pdf (Minutes), dated May 6, 2025 from City of San Buenaventura (Ventura). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hofer Properties Llc hold?

Hofer 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 Hofer Properties Llc's profile

What is City of San Buenaventura (Ventura) currently buying?

Explore City of San Buenaventura (Ventura)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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