City of Newport Awards $1,000,000 Facilities Contract to Bcm Realty Partners LLC (April 2025)
City of NewportCity · Newport, TN- Disclosed value
- $1,000,000.00
- From resolution
- Approved
- Apr 9, 2025
- Renews
- Free account
The 30-second brief
The City of Newport approved a Real Estate Purchase and Sale Agreement with BCM Realty Partners, LLC to sell the former Coggeshall School property for $1,000,000. The deal includes a 130-day due diligence period, workforce housing rent caps on 40% of units for ten years, and a temporary property tax assessment reduction and exemption to support the project.
Bcm Realty Partners LLC holds this facilities contract with City of Newport. Its other public contracts on record include work for Portsmouth Housing Authority and Town of Portsmouth.
The renewal date is on record. A free account shows it, with the renewals for every City of Newport contract.
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Contract details
- Contract type
- Facilities
- Amount
- $1,000,000.00
- Document date
- April 9, 2025
- Term
- Closing to occur within 240 days of full execution, with an additional 60-day extension if zoning approvals are delayed; 130-day due diligence period; 10-year workforce housing rent cap on 40% of units; first full fiscal year following certificate of occupancy receives 80% tax exemption
- Renews
- Free account
- Vendor
- Bcm Realty Partners LLC
- Agency
- City of Newport
- Source document
- city-of-newport-resolution-2025-04-09_357.pdf (Resolution)
Bcm Realty Partners LLC's other public contracts
More City of Newport contracts
Questions about this contract
Who was awarded the facilities contract by City of Newport?
Bcm Realty Partners LLC was awarded this facilities contract by City of Newport, as recorded on April 9, 2025. The contract value is $1,000,000.00.
How much is the Bcm Realty Partners LLC contract with City of Newport worth?
The Bcm Realty Partners LLC contract with City of Newport is valued at $1,000,000.00, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a resolution record.
Where was this contract approved?
This contract appears in city-of-newport-resolution-2025-04-09_357.pdf (Resolution), dated April 9, 2025 from City of Newport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bcm Realty Partners LLC hold?
Bcm Realty Partners 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 Newport currently buying?
Explore City of Newport's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.