City Extends Redevelopment Deal with Cardinal Ventures, LLC
City of CreteCity · Crete, NE- Disclosed value
- Not to exceed $1.78 million (TIF assistance), $2,500 legal fee reimbursement
- From agenda
- Document date
- Jan 20, 2026
- Renews
- Free account
The 30-second brief
The City of Crete Community Development Agency approved a Second Amendment with Cardinal Ventures, LLC for the Cardinal Ventures Redevelopment Project, extending deadlines and adjusting phasing due to market and construction delays. The amendment moves project completion to December 31, 2031 and includes reimbursement of $2,500 in legal fees to the city. Up to $1.78 million in TIF assistance remains as previously authorized under the agreement.
Cardinal Ventures LLC holds this contract with City of Crete.
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Contract details
- Amount
- Not to exceed $1.78 million (TIF assistance), $2,500 legal fee reimbursement
- Document date
- January 20, 2026
- Term
- Original: June 6, 2023–December 31, 2031; Amended: phases through December 31, 2031, with final TIF increment phase by January 1, 2032 and TIF maturity by December 15, 2047
- Renews
- Free account
- Vendor
- Cardinal Ventures LLC
- Agency
- City of Crete
- Source document
- Crete City Council Regular Meeting Agenda January 2026 (Agenda)
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Questions about this contract
Who was awarded the government contract by City of Crete?
Cardinal Ventures LLC was awarded this government contract by City of Crete, as recorded on January 20, 2026. The contract value is Not to exceed $1.78 million (TIF assistance), $2,500 legal fee reimbursement.
How much is the Cardinal Ventures LLC contract with City of Crete worth?
The Cardinal Ventures LLC contract with City of Crete is valued at Not to exceed $1.78 million (TIF assistance), $2,500 legal fee reimbursement.
What type of contract is this?
This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Crete City Council Regular Meeting Agenda January 2026 (Agenda), dated January 20, 2026 from City of Crete. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Cardinal Ventures LLC hold?
Cardinal Ventures 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.
What is City of Crete currently buying?
Explore City of Crete's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.