City of Seward Awards Financial Services Contract to Plex Homes Llc (July 2026)

The Community Redevelopment Authority of Seward entered into a redevelopment agreement with Plex Homes, LLC effective July 21, 2026, granting up to $131,000 in tax increment financing over up to 15 years to support an $1.08 million, eight-unit residential project at 9th and Lincoln. The TIF will reimburse eligible public costs including land acquisition, site preparation, and related expenses for the infill housing development.

Scope & details

The full contract record, as filed.

Contract amount

Up to $131,000 in TIF-funded reimbursement

Contract type

FINANCIAL_SERVICES

Contract term

Up to 15 years of tax increment from each phase, with base years anticipated 2026 and 2027 and effective dates no later than January 1, 2028

Renewal date

2043-01-01

Renewal

TIF will be captured for up to 15 years from each phase's effective date, with base valuation years anticipated 2026 and 2027 and effective dates no later than January 1, 2028; no additional renewal beyond statutory TIF term is contemplated.

Document type

AgendaPacket

Source document

City of Seward Agenda Packet 2026-07-21

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Community Redevelopment Authority of the City of Seward Redevelopment Agreement 9th and Lincoln Redevelopment Project 2026-07-21

APPROVED

City of Seward, NebraskaNot to exceed $131,000.00 in TIF Indebtedness; TIF Available to Redeveloper approximately $119,658; Total Eligible Expenses $141,233Jul 21, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Seward?

Plex Homes Llc was awarded this financial services contract by City of Seward, as recorded on July 21, 2026. The contract value is Up to $131,000 in TIF-funded reimbursement.

How much is the Plex Homes Llc contract with City of Seward worth?

The Plex Homes Llc contract with City of Seward is valued at Up to $131,000 in TIF-funded reimbursement, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Seward Agenda Packet 2026-07-21 (AgendaPacket), dated July 21, 2026 from City of Seward. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Plex Homes Llc hold?

Plex Homes 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.

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