Green Oaks Development Agreement for renovation approved
Keokuk Housing AuthorityLocal Housing Authority · Keokuk, IA- Disclosed value
- $705,000
- From agenda
- Document date
- Jul 20, 2023
The 30-second brief
The agreement is with MBMRE, LLC d/b/a Green Oaks Development for the renovation and redevelopment of 619, 623, 625, and 629 Main St. The agreement provides for the project to receive all grant funds applied for and received by the City, as well as the following incentives from the City: $300,000 in ARPA funds, $50,000 cash payment for five years funded by TIF, A ten year TIF rebate equaling $130,000, Refund of property purchase price upon completion ($25,000). Owner equity in the project is estimated at $1.4 million.
MBMRE holds this development agreement contract with Keokuk Housing Authority. Its other public contracts on record include work for Fort Madison Housing Authority and City of Keokuk.
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Contract details
- Contract type
- Development Agreement
- Amount
- $705,000
- Document date
- July 20, 2023
- Term
- NA
- Vendor
- MBMRE
- Agency
- Keokuk Housing Authority
- Source document
- keokuk-housing-authority-agenda-2023-07-20_08d.pdf (Agenda)
MBMRE's other public contracts
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Questions about this contract
Who was awarded the development agreement contract by Keokuk Housing Authority?
MBMRE was awarded this development agreement contract by Keokuk Housing Authority, as recorded on July 20, 2023. The contract value is $705,000.
How much is the MBMRE contract with Keokuk Housing Authority worth?
The MBMRE contract with Keokuk Housing Authority is valued at $705,000, covering development agreement work.
What type of contract is this?
This is a Development Agreement contract, documented as a agenda record.
Where was this contract approved?
This contract appears in keokuk-housing-authority-agenda-2023-07-20_08d.pdf (Agenda), dated July 20, 2023 from Keokuk Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does MBMRE hold?
MBMRE 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 Keokuk Housing Authority currently buying?
Explore Keokuk Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.