City of Quincy Sealed Solicitation
Title: Residential Downtown Redevelopment
Deadline: 8/8/2019 4:00 PM (UTC-06:00) Central Time (US & Canada)
Status: Awarded
Description:
The City of Quincy is offering Tax
Increment Finance (TIF) funding to assist redevelopment proposals for upper-story
residential renovation projects that develop market rate rental housing units. Building owners within the downtown TIF
Districts with undeveloped or outdated upper-story space may submit proposals
for TIF funding assistance. City TIF
funding will provide zero interest loans for fifty percent of the project cost
up to a maximum of $25,000 per rental unit renovated, with the balance of the
project cost paid by the owner. Upon
project completion and a 5 year compliance review, the TIF loan is forgiven.
Proposals are to be submitted in a sealed envelope to: Purchasing Agent, 730 Maine St., Suite # 226, Quincy, IL 62301. The outside of the envelope must be clearly marked, “Residential Downtown Redevelopment Proposal.” Proposals will be accepted no later than 4:00 p.m., August 8, 2019. The City of Quincy reserves the right to waive technicalities and to reject any and all proposals. The City of Quincy reserves the right to accept the most advantageous proposal for the city.
Documents:
Documents as of 7/1/2019 |
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Addition 1
Posted: 8/12/2019
Type of Addition: In Review
Addition 2
Posted: 9/24/2019
Type of Addition: Award Information
Overview: This RFP was awarded by the Quincy City Council on September 9, 2019 to TBRP Properties LLC for the rehab of 2 rental units at a cost of $50,000 and to DP Properties of Quincy, LLC for the renovation of 4 rental units in the amount of $100,000
Amount: $150,000.00
Posted: 8/12/2019
Type of Addition: In Review
Posted: 9/24/2019
Type of Addition: Award Information
Overview: This RFP was awarded by the Quincy City Council on September 9, 2019 to TBRP Properties LLC for the rehab of 2 rental units at a cost of $50,000 and to DP Properties of Quincy, LLC for the renovation of 4 rental units in the amount of $100,000
Amount: $150,000.00