Town of Shorter Awards Financial Services Contract to North City Apartments Owner Lp (June 2025)

Shoreline approved an MFTE contract with North City Apartments Owner, LP for the Alta North City Apartments, securing income‑restricted units for households at or below 70% of area median income. The agreement grants property tax exemptions in exchange for long‑term affordability commitments.

Document date · June 2, 2025

Track Town of Shorter contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Town of Shorter.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Standard MFTE contract terms apply; specific duration not included in the minutes excerpt.

Document type

Agenda

Source document

town-of-shorter-agenda-2025-06-02_743.pdf

Related contracts

Other contracts from North City Apartments Owner Lp.

View all →

city_council_regular_meeting_agenda.pdf

APPROVED

Town of Shorter, AlabamaJan 1, 2026

city_council_regular_meeting_agenda.pdf

APPROVED

Town of Shorter, AlabamaJan 1, 2026

shoreline-city-council-regular-meeting-agenda-april-28-2025_716.pdf

PENDING

Town of Shorter, AlabamaApr 28, 2025

shoreline_city_council_regular_meeting_agenda_apri.pdf

APPROVED

Town of Shorter, AlabamaApr 28, 2025

shoreline-city-council-agenda-alta-north-city-apartments-mfte-approval-april-28-2025_c2c.md

PENDING

Town of Shorter, AlabamaEstimated tax savings between $1,300,000 and $2,400,000 in City taxes and $8,800,000 to $16,100,000 from all taxing districts over 12 yearsApr 28, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Shorter?

North City Apartments Owner Lp was awarded this financial services contract by Town of Shorter, as recorded on June 2, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in town-of-shorter-agenda-2025-06-02_743.pdf (Agenda), dated June 2, 2025 from Town of Shorter. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does North City Apartments Owner Lp hold?

North City Apartments Owner Lp 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 North City Apartments Owner Lp's profile

What is Town of Shorter currently buying?

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

View Town of Shorter's profile