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Auburn provides 1M tax incentives to real estate developer

City of Auburn logoCity of Auburn
Disclosed value
$1,000,000.00
From meeting minutes
Document date
Jan 6, 2025
Term
30-year

The 30-second brief

What it covers

Auburn is providing a credit enhancement agreement for real estate developer for 30 years where the amount is 50% of the taxes paid on the increased new value to be returned to the developer up to and not to exceed $1,000,000.00 (One Million Dollars) .

Who holds it

Highgate Development holds this tax incentives contract with City of Auburn. Its other public contracts on record include work for Town of Auburn and Town of Beals.

What happens next

Term as filed: 30-year.

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Contract details

Contract type
Tax Incentives
Amount
$1,000,000.00
Document date
January 6, 2025
Term
30-year
Vendor
Highgate Development
Agency
City of Auburn
Source document
city-of-auburn-meeting-minutes-2025-01-06_20e.pdf (Meeting Minutes)

Highgate Development's other public contracts

City of Auburn, MaineHighgate gets $1M for 63 Academy Project · Jan 6, 2025$1MTown of Auburn, KansasHighgate Development get 1 million credit enhancement contract · Jan 6, 2025$1MCity of Auburn, Mainecity-of-auburn-agenda-2023-01-03_06e.pdf · Jan 3, 2023$50KTown of Beals, MaineHighgate Development LLC to purchase Auburn properties · Jan 3, 2022$50KCity of Auburn, MaineHighgate Development LLC: Property Purchase Approved · Jan 3, 2022$50KAll Highgate Development contractsVendor profile

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Questions about this contract

Who was awarded the tax incentives contract by City of Auburn?

Highgate Development was awarded this tax incentives contract by City of Auburn, as recorded on January 6, 2025. The contract value is $1,000,000.00.

How much is the Highgate Development contract with City of Auburn worth?

The Highgate Development contract with City of Auburn is valued at $1,000,000.00, covering tax incentives work.

What type of contract is this?

This is a Tax Incentives contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-auburn-meeting-minutes-2025-01-06_20e.pdf (Meeting Minutes), dated January 6, 2025 from City of Auburn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Highgate Development hold?

Highgate Development 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 City of Auburn currently buying?

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

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