City of Oklahoma Awards $2,533,025 Development Financing Contract to Midtown Hc (December 2024)
City of OklahomaCity · Oklahoma City, OK- Disclosed value
- $2,533,025
- From minutes
- Approved
- Dec 16, 2024
- Term
- 15 years
The 30-second brief
The Classen Corridor Revitalization TIF Review Committee approved an allocation not to exceed $2,533,025 for The Eddie Building Project. The developer will develop the former EMSA site into a mixed-use development with forty-eight (48) apartments, 13,000 square feet of commercial space, and a new privately-owned, publicly accessible park with a total private investment of $19,804,986. The allocation will be funded by the developer's payment of ad valorem property taxes over 15 years.
Midtown Hc holds this development financing contract with City of Oklahoma.
Term as filed: 15 years.
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Contract details
- Contract type
- Development Financing
- Amount
- $2,533,025
- Document date
- December 16, 2024
- Term
- 15 years
- Vendor
- Midtown Hc
- Agency
- City of Oklahoma
- Source document
- classen_corridor_revitalization_tif_review_committ.pdf (Minutes)
More City of Oklahoma contracts
Questions about this contract
Who was awarded the development financing contract by City of Oklahoma?
Midtown Hc was awarded this development financing contract by City of Oklahoma, as recorded on December 16, 2024. The contract value is $2,533,025.
How much is the Midtown Hc contract with City of Oklahoma worth?
The Midtown Hc contract with City of Oklahoma is valued at $2,533,025, covering development financing work.
What type of contract is this?
This is a Development Financing contract, documented as a minutes record.
Where was this contract approved?
This contract appears in classen_corridor_revitalization_tif_review_committ.pdf (Minutes), dated December 16, 2024 from City of Oklahoma. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Midtown Hc hold?
Midtown Hc 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 Oklahoma currently buying?
Explore City of Oklahoma's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.