resolution_no_2025_14_approving_redevelopment_cont.pdf
Fox Ridge Redevelopment Project Approved for Granville Custom Homes
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Description
Redevelopment Contract with Granville Custom Homes, Inc. for the Fox Ridge Redevelopment Project is approved with tax-increment financing (TIF) for costs up to $1,071,184. The Project will involve constructing 24 single-family homes over six years with the value of each home estimated around $399,000. The project's total cost is estimated at $9,106,824 and to be completed by December 31, 2031.
Contract Details
Contract Amount
$1,071,184
Vendor
GRANVILLE CUSTOM HOMES
Agency
City of Norfolk, NE
Contract Type
Redevelopment Contract
Document Date
October 20, 2025
Contract Term
15 years
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