OTHERPENDING

SEDA Evaluates Olof Investments Memorial Building Request

SEDA is evaluating Olof Investments, LLC’s request for approximately $200,000 in assistance tied to the Memorial Building redevelopment. The request includes a proposed 10-year tax exemption, but staff recommended further work-session review rather than approval.

Document date · September 28, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $200,000 requested subsidy; property sale price $302,000; requested tax exemption based on $302,000 for five years and $500,000 valuation for the following five years
Contract type
OTHER
Contract term
Requested 10-year tax exemption; SEDA sold the Memorial Building in fall/winter 2025
Renewal
Requested 10-year tax exemption, structured as five years based on a $302,000 sale price and five years based on a $500,000 valuation; staff indicated the requested exemption is not currently available through City programs.
Document type
AgendaPacket
Source document
Springfield Economic Development Agency AgendaPacket 2026-09-28

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Springfield?

Olof Investments Llc was awarded this government contract by City of Springfield, as recorded on September 28, 2026. The contract value is Approximately $200,000 requested subsidy; property sale price $302,000; requested tax exemption based on $302,000 for five years and $500,000 valuation for the following five years.

How much is the Olof Investments Llc contract with City of Springfield worth?

The Olof Investments Llc contract with City of Springfield is valued at Approximately $200,000 requested subsidy; property sale price $302,000; requested tax exemption based on $302,000 for five years and $500,000 valuation for the following five years.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Springfield Economic Development Agency AgendaPacket 2026-09-28 (AgendaPacket), dated September 28, 2026 from City of Springfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Olof Investments Llc hold?

Olof Investments 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.

View Olof Investments Llc's profile

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