SLED Opportunity · RHODE ISLAND · RHODE ISLAND (CITY)
AI Summary
The City of Rock Island seeks developers to purchase and rehabilitate a vacant single-family home at 533 22nd Street for $10,000. Rehabilitation must be completed within one year to support neighborhood revitalization. Profits belong to the developer post-rehabilitation.
The City of Rock Island is seeking qualified developers to purchase and fully rehabilitate a single-family house at 533 22nd Street. Photos are enclosed. The property has sat vacant for many years. The City acquired it as part of a land banking effort. The goal of the rehabilitation is to return the property to productive use and support neighborhood revitalization. The property will be sold to the developer with the best proposal. The cost of the property is non-negotiable and set at $10,000. All rehabilitation work must be completed within one year of purchase or the property will be subject to recapture by the City through a restrictive deed covenant. Upon successful completion of rehabilitation, the developer may rent or sell the property without any further restrictions. All profits will belong to the developer.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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