CONTRACTPENDING

311 Ottawa Building LLC awarded $13.1M TIF agreement

Disclosed value: $13,159,012.00; From resolution
Document date: Aug 29, 2024
Term: 14 years

What it covers

311 Ottawa Building LLC secures $13.1 million TIF agreement for Murphy Building renovation, aiming to transform it into a middle-scale apartment complex with 139 units, including 92 one-bedroom, 5 two-bedroom, and 42 studio apartments.

Who holds it

Ottawa Building holds this tif development agreement contract with City of Joliet city. Its other public contracts on record include work for Town of Joliet.

What happens next

Term as filed: 14 years.

See who signed off on this $13.2M contract.

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Contract details

Contract type: Tif Development Agreement
Amount: $13,159,012.00
Document date: August 29, 2024
Term: 14 years
Vendor: Ottawa Building
Agency: City of Joliet city
Source document: resolution_authorizing_tif_development_agreement_w.pdf (Resolution)

Ottawa Building's other public contracts

Town of Joliet, MontanaParking facility · Aug 4, 2025Undisclosed City of Joliet city, IllinoisParking Facility License Agreement Approved · Aug 4, 2025Undisclosed City of Joliet city, IllinoisOttawa Building LLC wins TIF for renovation · Sep 3, 2024Undisclosed City of Joliet city, IllinoisTIF Development Agreement approved for 311 Ottawa LLC · Aug 29, 2024Undisclosed City of Joliet city, Illinoiscity-of-joliet-agenda-2024-08-20_cec.pdf · Aug 20, 2024Undisclosed All Ottawa Building contractsVendor profile

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Questions about this contract

Who was awarded the tif development agreement contract by City of Joliet city?

Ottawa Building was awarded this tif development agreement contract by City of Joliet city, as recorded on August 29, 2024. The contract value is $13,159,012.00.

How much is the Ottawa Building contract with City of Joliet city worth?

The Ottawa Building contract with City of Joliet city is valued at $13,159,012.00, covering tif development agreement work.

What type of contract is this?

This is a Tif Development Agreement contract, documented as a resolution record.

Where was this contract approved?

This contract appears in resolution_authorizing_tif_development_agreement_w.pdf (Resolution), dated August 29, 2024 from City of Joliet city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Ottawa Building hold?

Ottawa Building 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 Joliet city currently buying?

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

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