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Economic Development Deal Approved for Rabbit Ridge Project

Syracuse village
Disclosed value
anticipated cost of twelve million dollars (project cost, not specified as town payment)
From minutes
Approved
Oct 17, 2023
Term
Completion by end of 2027
Renews
Free account

The 30-second brief

What it covers

The Town Council approved an Economic Development Agreement with Rabbit Ridge for a senior housing project at 1033 N. Indiana Avenue, supported by an 80% TIF increment to the developer. The $12 million project is targeted for completion by the end of 2027, with repayment of bonds or notes from increased asset values rather than town funds.

Who holds it

Rabbit Ridge holds this contract with Syracuse village. Its other public contracts on record include work for Town of Syracuse town and Town of Syracuse.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Syracuse village contract.

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Contract details

Amount
anticipated cost of twelve million dollars (project cost, not specified as town payment)
Document date
October 17, 2023
Term
Completion by end of 2027
Renews
Free account
Vendor
Rabbit Ridge
Agency
Syracuse village
Source document
syracuse-town-council-meeting-minutes-october-17-2023_2eb.pdf (Minutes)

Rabbit Ridge's other public contracts

Town of Syracuse town, IndianaRabbit Ridge Economic Development Agreement approved · Oct 17, 2023UndisclosedSyracuse village, OhioRabbit Ridge Agreement Approved for Development · Oct 17, 2023UndisclosedTown of Syracuse, IndianaRabbit Ridge agreement approved by commission · Oct 17, 2023UndisclosedTown of Syracuse, IndianaRabbit Ridge agreement approved by commission · Oct 17, 2023UndisclosedTown of Syracuse, IndianaEconomic Development Agreement Approved with Rabbit Ridge · Oct 17, 2023All Rabbit Ridge contractsVendor profile

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Questions about this contract

Who was awarded the government contract by Syracuse village?

Rabbit Ridge was awarded this government contract by Syracuse village, as recorded on October 17, 2023.

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 syracuse-town-council-meeting-minutes-october-17-2023_2eb.pdf (Minutes), dated October 17, 2023 from Syracuse village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rabbit Ridge hold?

Rabbit Ridge 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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