Sacred Heart Lofts LLC seeks TIE agreement
Town of Fall RiverCity · IL- Disclosed value
- $10,629,872
- From agenda
- Document date
- Feb 15, 2024
- Term
- 10 years
The 30-second brief
Sacred Heart Lofts LLC seeks approval for a Tax Increment Exemption (TIE) Agreement for a housing development project. The project aims to create 46 market-rate residential units at 160 Linden Street, with a total cost estimated at $10,629,872. The TIE agreement includes an 80% exemption for Years 1-5 and a 20% exemption for Years 6-10.
Sacred Heart Lofts holds this tax increment exemption contract with Town of Fall River. Its other public contracts on record include work for City of Fall River and Fall River village.
Term as filed: 10 years.
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Contract details
- Contract type
- Tax Increment Exemption
- Amount
- $10,629,872
- Document date
- February 15, 2024
- Term
- 10 years
- Vendor
- Sacred Heart Lofts
- Agency
- Town of Fall River
- Source document
- town-of-fall-river-city-council-agenda-february-15-2024_6aa.pdf (Agenda)
Sacred Heart Lofts's other public contracts
More Town of Fall River contracts
Questions about this contract
Who was awarded the tax increment exemption contract by Town of Fall River?
Sacred Heart Lofts was awarded this tax increment exemption contract by Town of Fall River, as recorded on February 15, 2024. The contract value is $10,629,872.
How much is the Sacred Heart Lofts contract with Town of Fall River worth?
The Sacred Heart Lofts contract with Town of Fall River is valued at $10,629,872, covering tax increment exemption work.
What type of contract is this?
This is a Tax Increment Exemption contract, documented as a agenda record.
Where was this contract approved?
This contract appears in town-of-fall-river-city-council-agenda-february-15-2024_6aa.pdf (Agenda), dated February 15, 2024 from Town of Fall River. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sacred Heart Lofts hold?
Sacred Heart Lofts may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Fall River currently buying?
Explore Town of Fall River's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.