OTHERAPPROVED

City Approves Affordable Housing Agreement with RLIC Land Holdings

The Marshall City Council approved a pre-development agreement with RLIC Land Holdings, LLC for a 60-unit affordable family apartment complex, providing multiple financial incentives and support to secure Minnesota Housing tax credits. Term runs through January 31, 2025.

Status
APPROVED
Document date
June 25, 2024
Contract type
OTHER
Vendor
Rlic Land Holdings Llc
Agency
City of Marshall · AR

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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
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
$325,000 property option, $325,000 cash incentive, $500,000 Pooled TIF funds, $10,000 Statewide Affordable Housing Aid
Contract type
OTHER
Contract term
Through January 31, 2025
Renewal date
2025-01-31
Renewal
Termination date is January 31, 2025. Terms include option to acquire property and incentives for developer phases.
Document type
Minutes
Source document
city-of-marshall-city-council-meeting-minutes-june-25-2024_28d.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Marshall?

Rlic Land Holdings Llc was awarded this government contract by City of Marshall, as recorded on June 25, 2024. The contract value is $325,000 property option, $325,000 cash incentive, $500,000 Pooled TIF funds, $10,000 Statewide Affordable Housing Aid.

How much is the Rlic Land Holdings Llc contract with City of Marshall worth?

The Rlic Land Holdings Llc contract with City of Marshall is valued at $325,000 property option, $325,000 cash incentive, $500,000 Pooled TIF funds, $10,000 Statewide Affordable Housing Aid.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-marshall-city-council-meeting-minutes-june-25-2024_28d.pdf (Minutes), dated June 25, 2024 from City of Marshall. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rlic Land Holdings Llc hold?

Rlic Land Holdings 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 Rlic Land Holdings Llc's profile

What is City of Marshall currently buying?

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

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