City of Shelby Solicitation for Development Partner Proposals Hotel Charles May 2026
DFI to Receive 1% Fee for Shelby Hotel Charles Advisory
Trusted by teams at
Description
The City of Shelby will require the selected Hotel Charles developer to pay a 1% development services fee to the Development Finance Initiative (DFI), a program of the UNC School of Government, for its role in conducting pre-development analysis and project advisory. This fee is due after execution of the Development Services Agreement, with the estimated amount around $143,500 based on projected development costs.
Contract Details
Contract Amount
1% of total projected development costs (approx. $143,500 based on $14.35M estimate)
Vendor
DEVELOPMENT FINANCE INITIATIVE PROGRAM OF THE UNC SCHOOL OF GOVERNMENT
Agency
City of Shelby, NC
Contract Type
PROFESSIONAL_SERVICES
Document Date
March 14, 2026
Contract Term
Due within 30 days following execution of Development Services Agreement (estimated Q4 2026 – Q1 2027)
Renewal Date
2027-03-31
Renewal Info
No renewals mentioned; payment terms can be negotiated or deferred by mutual written agreement.
More from City of Shelby
Shelby City Council Agenda Packet April 2026
Shelby City Council Agenda Packet April 2026
Shelby City Council Agenda Packet April 2026
City of Shelby Solicitation for Development Partner Proposals Hotel Charles May 2026
City of Shelby Solicitation for Development Partner Proposals Hotel Charles May 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.