CONTRACTAMENDED

Metropolitan Towers Loan Obligations Shift to Assignee

Disclosed value: $12,500.00 (original Metropolitan Loan); From agendapacket
Document date: Aug 25, 2026

What it covers

The HRA intends to transfer Metropolitan Towers LLC’s 2017 affordability loan and covenants for the Metropolitan Apartments properties to Metropolitan Asset Management LLC, preserving 60% AMI affordability while releasing Metropolitan from future loan obligations after the assignment’s effective date.

Who holds it

Metropolitan Towers LLC holds this financial services contract with City of Bloomington. Its other public contracts on record include work for City of Moline city.

What happens next

Term as filed: Loan Agreement dated October 31, 2017, with ongoing affordability covenants at 60% AMI.

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Contract details

Contract type: Financial Services
Amount: $12,500.00 (original Metropolitan Loan)
Document date: August 25, 2026
Term: Loan Agreement dated October 31, 2017, with ongoing affordability covenants at 60% AMI
Vendor: Metropolitan Towers LLC
Agency: City of Bloomington
Source document: Housing and Redevelopment Authority Agenda Packet 2026-08-25 (AgendaPacket)

Metropolitan Towers LLC's other public contracts

City of Moline city, IllinoisMoline Approves $705K Property Purchase for Fire Station · Mar 18, 2025$705.5K City of Moline city, IllinoisCouncil Ratifies $705K Purchase from Metropolitan Towers · Mar 18, 2025$705.5K City of Moline city, IllinoisCity Property Purchase from Metropolitan Towers Approved · Mar 18, 2025$705.5K City of Moline city, IllinoisCity Approves Property Purchase from Metropolitan Towers LLC · Mar 18, 2025$705.5K All Metropolitan Towers LLC contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Bloomington?

Metropolitan Towers LLC was awarded this financial services contract by City of Bloomington, as recorded on August 25, 2026. The contract value is $12,500.00 (original Metropolitan Loan).

How much is the Metropolitan Towers LLC contract with City of Bloomington worth?

The Metropolitan Towers LLC contract with City of Bloomington is valued at $12,500.00 (original Metropolitan Loan), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Housing and Redevelopment Authority Agenda Packet 2026-08-25 (AgendaPacket), dated August 25, 2026 from City of Bloomington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Metropolitan Towers LLC hold?

Metropolitan Towers 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.

What is City of Bloomington currently buying?

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

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