Civic IQ
CONTRACTPENDING
Get alerts

Foundry Apartments Seeks $4M TIF for Project

City of Norfolk logoCity of Norfolk
Disclosed value
$4,015,810
From agenda
Document date
Nov 21, 2022
Term
15 years

See who signed off on this $4M contract.

See who signed off

Free account · 30-second setup · No credit card

THE 30-SECOND BRIEF

What it covers

Foundry Apartments, LLC, seeks $4,015,810 in tax increment financing for its redevelopment project. The project involves constructing a multi-family housing apartment complex with approximately five 36-unit apartment buildings in Norfolk, Nebraska. The TIF is deemed necessary for the project's economic viability.

Who holds it

Foundry Apartments holds this tax increment financing contract with City of Norfolk.

What happens next

Term as filed: 15 years.

Contract details

Contract type
Tax Increment Financing
Amount
$4,015,810
Document date
November 21, 2022
Term
15 years
Vendor
Foundry Apartments
Agency
City of Norfolk
Source document
community_development_agency_meeting_agenda_novemb.pdf (Agenda)

Foundry Apartments's other public contracts

City of Norfolk, NebraskaFoundry Apartments secures bond for redevelopment project · Mar 3, 2025$4MCity of Norfolk, NebraskaFoundry Apartments Contract Amended for Completion Date · Jul 15, 2024$26.2MCity of Norfolk, NebraskaFoundry Apartments Redevelopment Project Approved · Feb 6, 2023$4MCity of Norfolk, NebraskaFoundry Apartments gets $4,015,810 TIF contract · Dec 19, 2022$4MAll Foundry Apartments contractsVendor profile

More City of Norfolk contracts

Midwest Bank N aNorfolk Approves Midwest Bank Event Street Closure Agreement · Oct 3, 2026UndisclosedNorth Fork Area Transit IncNorfolk Plans $100,000 Transit Agreement with North Fork · Oct 3, 2026Gehring Construction & Ready Mix Company IncNorfolk Awarded $209,229 Infrastructure Contract to Gehring · Oct 3, 2026$209.2KOlsson IncNorfolk Plans $143,000 Olsson Engineering Services Contract · Oct 3, 2026BIZCONorfolk Plans $74,594 AV Equipment Purchase from BIZCO · Oct 3, 2026$74.6KAll City of Norfolk activityAgency profile

Questions about this contract

Who was awarded the tax increment financing contract by City of Norfolk?

Foundry Apartments was awarded this tax increment financing contract by City of Norfolk, as recorded on November 21, 2022. The contract value is $4,015,810.

How much is the Foundry Apartments contract with City of Norfolk worth?

The Foundry Apartments contract with City of Norfolk is valued at $4,015,810, covering tax increment financing work.

What type of contract is this?

This is a Tax Increment Financing contract, documented as a agenda record.

Where was this contract approved?

This contract appears in community_development_agency_meeting_agenda_novemb.pdf (Agenda), dated November 21, 2022 from City of Norfolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does Foundry Apartments hold?

Foundry Apartments may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Norfolk currently buying?

Explore City of Norfolk's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

Work in government? Get Civic IQ free →
More City of Norfolk contracts →Browse all agencies in Nebraska →