CONTRACTAPPROVED

Town of Rockford Awards $539,450 Development And Reimbursement Agreement Contract to Hotel Rose (March 2023)

Town of Rockford logoTown of Rockford
Disclosed value
$539,450
From resolution
Approved
Mar 4, 2023
Term
Until December 31, 2035

The 30-second brief

What it covers

Agreement between City of Rockford Brownfield Redevelopment Authority and Hotel Rose, LLC for reimbursement of environmental assessment activities at an estimated cost of $539,450. The project involves constructing a 54-room hotel with amenities and public infrastructure improvements, aiming to enhance the city's economic vitality. The agreement terminates on the earlier of full reimbursement or December 31, 2035, with a construction commencement deadline of August 1, 2024.

Who holds it

Hotel Rose holds this development and reimbursement agreement contract with Town of Rockford. Its other public contracts on record include work for City of Rockford and Town of Climax.

What happens next

Term as filed: Until December 31, 2035.

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Contract details

Contract type
Development And Reimbursement Agreement
Amount
$539,450
Document date
March 4, 2023
Term
Until December 31, 2035
Source document
city-of-rockford-brownfield-redevelopment-authority-resolution-march-4-2023_c53.pdf (Resolution)

Hotel Rose's other public contracts

More Town of Rockford contracts

Questions about this contract

Who was awarded the development and reimbursement agreement contract by Town of Rockford?

Hotel Rose was awarded this development and reimbursement agreement contract by Town of Rockford, as recorded on March 4, 2023. The contract value is $539,450.

How much is the Hotel Rose contract with Town of Rockford worth?

The Hotel Rose contract with Town of Rockford is valued at $539,450, covering development and reimbursement agreement work.

What type of contract is this?

This is a Development And Reimbursement Agreement contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city-of-rockford-brownfield-redevelopment-authority-resolution-march-4-2023_c53.pdf (Resolution), dated March 4, 2023 from Town of Rockford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hotel Rose hold?

Hotel Rose 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 Town of Rockford currently buying?

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

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