City of Inwood 2025 Amended and Restated Urban Revitalization Plan - Residential Tax Abatement
City of InwoodCity · Inwood, IA- Due
- Feb 1, 2027
- 95 days left
- Posted
- Jan 1, 2025
- Contract term
- 5 years
The 30-second brief
The City of Inwood, Iowa is soliciting applications for its 2025 Amended and Restated Urban Revitalization Plan, which provides residential tax abatement incentives. The plan offers a 100% tax exemption on the first $75,000 of actual value added for standard residential improvements over a 5-year period, and a 100% exemption for 10 years for multi-family projects with three or more dwelling units. Eligible improvements include new construction, rehabilitation, or additions to existing structures within the city limits. Applications must be filed with City Hall by February 1st of the assessment year for which the exemption is first claimed. The plan excludes school district levies for applications submitted on or after July 1, 2024, as per Iowa Code Section 404.3D.
Application Form (Exhibit B), Approved Building Permit, Most Recent Property Tax Statement
Conformance with Urban Revitalization Plan, Location within designated Area, Improvements made during designated time, Minimum value increase of $10,000 or 10%
Bids like this start as pre-RFPs. Get the next ones early.
Get matched pre-RFPs freeFree account · 30-second setup · No credit card
Summary
The City of Inwood, Iowa is soliciting applications for its 2025 Amended and Restated Urban Revitalization Plan, which provides residential tax abatement incentives.
The plan offers a 100% tax exemption on the first $75,000 of actual value added for standard residential improvements over a 5-year period, and a 100% exemption for 10 years for multi-family projects with three or more dwelling units. Eligible improvements include new construction, rehabilitation, or additions to existing structures within the city limits. Applications must be filed with City Hall by February 1st of the assessment year for which the exemption is first claimed. The plan excludes school district levies for applications submitted on or after July 1, 2024, as per Iowa Code Section 404.3D.
EVALUATION CRITERIA
5- Conformance with Urban Revitalization Plan
- Location within designated Area
- Improvements made during designated time
- Minimum value increase of $10
- 000 or 10%
REQUIRED DELIVERABLES
3- Application Form (Exhibit B)
- Approved Building Permit
- Most Recent Property Tax Statement
- Submit to
- City Hall, Inwood, IA
- Scope location
- Inwood, IA
Questions about this RFI
How do I respond to this RFI from City of Inwood?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is February 1, 2027. The solicitation specifies required deliverables that must be addressed in your response. Submissions should be delivered to: City Hall, Inwood, IA.
Can small businesses or minority-owned firms bid on this RFI?
Most government agencies, including City of Inwood in IA, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFI submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
What are the key deliverables?
The solicitation specifies the following deliverables: Application Form (Exhibit B), Approved Building Permit, Most Recent Property Tax Statement. Proposals should clearly address how each deliverable will be met.
Show 6 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Conformance with Urban Revitalization Plan, Location within designated Area, Improvements made during designated time, Minimum value increase of $10,000 or 10%" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Inwood?
All active and historical solicitations from City of Inwood are tracked and searchable. As a city agency, City of Inwood regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
Is this solicitation still open for submissions?
Based on the posted deadline of February 1, 2027, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
What documents are required to bid on this RFI?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. Review the full document from City of Inwood for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Inwood, IA. Review the full solicitation for detailed scope requirements.