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City of Oklahoma Awards $660,000 Development Financing Contract to Avya 20 Project (December 2024)

City of Oklahoma logoCity of Oklahoma
Disclosed value
$660,000
From minutes
Approved
Dec 16, 2024
Term
15 years

The 30-second brief

What it covers

The Classen Corridor Revitalization TIF Review Committee approved an allocation not to exceed $660,000 for the Avya 2.0 Project. The developer will construct 26 housing units with a total private capital investment of approximately $5,150,000. The allocation will be funded by the developer's payment of ad valorem property taxes over 15 years.

Who holds it

Avya 20 Project holds this development financing contract with City of Oklahoma.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Development Financing
Amount
$660,000
Document date
December 16, 2024
Term
15 years
Vendor
Avya 20 Project
Agency
City of Oklahoma
Source document
classen_corridor_revitalization_tif_review_committ.pdf (Minutes)

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Questions about this contract

Who was awarded the development financing contract by City of Oklahoma?

Avya 20 Project was awarded this development financing contract by City of Oklahoma, as recorded on December 16, 2024. The contract value is $660,000.

How much is the Avya 20 Project contract with City of Oklahoma worth?

The Avya 20 Project contract with City of Oklahoma is valued at $660,000, covering development financing work.

What type of contract is this?

This is a Development Financing contract, documented as a minutes record.

Where was this contract approved?

This contract appears in classen_corridor_revitalization_tif_review_committ.pdf (Minutes), dated December 16, 2024 from City of Oklahoma. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Avya 20 Project hold?

Avya 20 Project 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 Oklahoma currently buying?

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

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