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Valley Drive Properties TIF Bond Reduced to $724,603

City of Norfolk logoCity of Norfolk
Disclosed value
$1,220,476
From agenda
Document date
Feb 6, 2023

The 30-second brief

What it covers

Resolution No. 2023-5 amends Resolution No. 2022-19, authorizing the issuance of a tax increment revenue bond for Valley Drive Properties, LLC Redevelopment Project. The amount of the TIF bond is reduced from $1,220,476 to $724,603.

Who holds it

Valley Drive Properties holds this tax increment revenue bond contract with City of Norfolk. Its other public contracts on record include work for City of West Point.

See who signed off on this $1.2M contract.

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Contract details

Contract type
Tax Increment Revenue Bond
Amount
$1,220,476
Document date
February 6, 2023
Term
NA
Vendor
Valley Drive Properties
Agency
City of Norfolk
Source document
community_development_agency_meeting_agenda_februa.pdf (Agenda)

Valley Drive Properties's other public contracts

City of West Point, NebraskaValley Drive Properties LLC awarded $1.8M redevelopment contract · Sep 2, 2025$1.8MCity of Norfolk, NebraskaValley Drive Properties Redevelopment Project Phase 2 tax increment financing approved · Jun 16, 2025UndisclosedCity of Norfolk, NebraskaValley Drive Properties Redevelopment Contract Approved for Phase 1 · Jul 15, 2024UndisclosedCity of Norfolk, NebraskaValley Drive Properties Receives Redevelopment Project Approval · May 1, 2023UndisclosedCity of Norfolk, NebraskaValley Drive Properties LLC redevelopment project approved · Apr 3, 2023$1.2MAll Valley Drive Properties contractsVendor profile

More City of Norfolk contracts

Midwest Bank N aNorfolk Approves Midwest Bank Event Street Closure Agreement · Oct 3, 2026UndisclosedNorth Fork Area Transit IncNorfolk Plans $100,000 Transit Agreement with North Fork · Oct 3, 2026Gehring Construction & Ready Mix Company IncNorfolk Awarded $209,229 Infrastructure Contract to Gehring · Oct 3, 2026$209.2KOlsson IncNorfolk Plans $143,000 Olsson Engineering Services Contract · Oct 3, 2026BIZCONorfolk Plans $74,594 AV Equipment Purchase from BIZCO · Oct 3, 2026$74.6KAll City of Norfolk activityAgency profile

Questions about this contract

Who was awarded the tax increment revenue bond contract by City of Norfolk?

Valley Drive Properties was awarded this tax increment revenue bond contract by City of Norfolk, as recorded on February 6, 2023. The contract value is $1,220,476.

How much is the Valley Drive Properties contract with City of Norfolk worth?

The Valley Drive Properties contract with City of Norfolk is valued at $1,220,476, covering tax increment revenue bond work.

What type of contract is this?

This is a Tax Increment Revenue Bond contract, documented as a agenda record.

Where was this contract approved?

This contract appears in community_development_agency_meeting_agenda_februa.pdf (Agenda), dated February 6, 2023 from City of Norfolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Valley Drive Properties hold?

Valley Drive Properties 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 Norfolk currently buying?

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

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