City Engages DFI for Hotel Charles Pre-Development

The City of Shelby has engaged the Development Finance Initiative (DFI) of the UNC School of Government to provide pre-development analysis and advisory services for the Hotel Charles redevelopment, funded in part through a 1% development services fee paid by the selected developer. DFI will also assist the City in evaluating proposals and structuring public-private partnership arrangements.

Scope & details

The full contract record, as filed.

Contract amount

1% of total projected development costs

Contract type

CONSULTING

Renewal

Developer must pay a 1% development services fee to DFI as a condition of any Development Services Agreement; payment schedule may be modified by written agreement between Developer and DFI.

Document type

Proposal

Source document

City of Shelby Development Partner Proposal Hotel Charles Feb 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the consulting contract by City of Shelby?

DFI was awarded this consulting contract by City of Shelby, as recorded on February 4, 2026. The contract value is 1% of total projected development costs.

How much is the DFI contract with City of Shelby worth?

The DFI contract with City of Shelby is valued at 1% of total projected development costs, covering consulting work.

What type of contract is this?

This is a Consulting contract, documented as a proposal record.

Where was this contract approved?

This contract appears in City of Shelby Development Partner Proposal Hotel Charles Feb 2026 (Proposal), dated February 4, 2026 from City of Shelby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does DFI hold?

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