CONTRACTRECOMMENDED

HOME multifamily loan to Brinshore Development increased

City of Racine logoCity of Racine
Disclosed value
up to $300,000
From agenda
Document date
Dec 6, 2021
Term
20-year term
Renews
Free account

The 30-second brief

What it covers

The agenda requests authorization to amend Resolution #1317-19 and increase the City’s HOME multifamily loan to Brinshore Development for the St. Paul Commons project from $250,000 to up to $300,000 at 1% interest over 20 years. The Mayor and City Clerk would be authorized to execute related loan and restriction documents upon confirmation of full project financing and environmental clearance.

Who holds it

Brinshore Development holds this financial services contract with City of Racine. Its other public contracts on record include work for Omaha Housing Authority and City of Park.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Racine contract.

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Contract details

Contract type
Financial Services
Amount
up to $300,000
Document date
December 6, 2021
Term
20-year term
Renews
Free account
Source document
community_development_block_grant_advisory_board_m.pdf (Agenda)

Brinshore Development's other public contracts

More City of Racine contracts

Questions about this contract

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

Brinshore Development was awarded this financial services contract by City of Racine, as recorded on December 6, 2021. The contract value is up to $300,000.

How much is the Brinshore Development contract with City of Racine worth?

The Brinshore Development contract with City of Racine is valued at up to $300,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in community_development_block_grant_advisory_board_m.pdf (Agenda), dated December 6, 2021 from City of Racine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Brinshore Development hold?

Brinshore Development 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 Racine currently buying?

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

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