City of Holly Springs Awards Financial Services Contract to Holly Springs Senior Housing Llc (September 2024)

The Downtown Development Authority of Holly Springs approved an inducement resolution for proposed financing of up to $45 million in bonds for Holly Springs Senior Housing, LLC. The funding will support the development of a 222-unit affordable senior rental housing community, with the developer responsible for all associated Authority fees and legal expenses.

Scope & details

The full contract record, as filed.

Contract amount

Up to $45,000,000 (bond proceeds) + Authority fees (1/8 of 1.00% of bonds issued) and annual fee not to exceed $5,000/year

Contract type

FINANCIAL_SERVICES

Contract term

Until project completion or bond maturity; inducement expires December 31, 2026 if not closed

Renewal date

2026-12-31

Renewal

Inducement agreement valid until December 31, 2026, after which, if bonds are not issued, agreement may be cancelled with only expense reimbursement obligations remaining. Annual fees required for the life of the bond issue.

Document type

AgendaPacket

Source document

Downtown Development Authority of Holly Springs Agenda Packet September 2024

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Downtown Development Authority of Holly Springs AgendaPacket 2026-07-20

DISCUSSSED

City of Holly Springs, GeorgiaJul 20, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Holly Springs?

Holly Springs Senior Housing Llc was awarded this financial services contract by City of Holly Springs, as recorded on September 25, 2024. The contract value is Up to $45,000,000 (bond proceeds) + Authority fees (1/8 of 1.00% of bonds issued) and annual fee not to exceed $5,000/year.

How much is the Holly Springs Senior Housing Llc contract with City of Holly Springs worth?

The Holly Springs Senior Housing Llc contract with City of Holly Springs is valued at Up to $45,000,000 (bond proceeds) + Authority fees (1/8 of 1.00% of bonds issued) and annual fee not to exceed $5,000/year, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Downtown Development Authority of Holly Springs Agenda Packet September 2024 (AgendaPacket), dated September 25, 2024 from City of Holly Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Holly Springs Senior Housing Llc hold?

Holly Springs Senior Housing 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 Holly Springs Senior Housing Llc's profile

What is City of Holly Springs currently buying?

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

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