Salem-Keizer School District 24J Awards Financial Services Contract to Willow Mixed Use Spe Llc (May 2026)

The City of Salem approved Resolution 2026-17 granting Willow Mixed Use SPE, LLC a 10-year property tax exemption on the residential portion of its 49-unit Creekside on Willow mixed-use project at 590 Willow St NE under the Multiple-Unit Housing Tax Incentive Program. The action authorizes staff to seek concurring resolutions from other taxing districts to achieve full abatement consistent with state law and city standards.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

10-year property tax exemption starting with tax year 2027 (or first tax year after completion)

Renewal date

2037-12-31

Renewal

Exemption authorized for up to 10 consecutive years under ORS 307.612; project must be completed on or before December 31, 2031 and the first exemption year begins with the assessment year following completion. Any extension beyond 10 years would require new Council action under state law and SRC 2.790–2.835.

Document type

AgendaPacket

Source document

City of Salem AgendaPacket Multiple Unit Housing Tax Incentive Program Application 2026-05-26

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City of Salem Minutes Final Action Agenda - Minutes - Final 2026-05-26

APPROVED

Housing Authority of the city of Salem, OregonMay 26, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Salem-Keizer School District 24J?

Willow Mixed Use Spe Llc was awarded this financial services contract by Salem-Keizer School District 24J, as recorded on May 26, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Salem AgendaPacket Multiple Unit Housing Tax Incentive Program Application 2026-05-26 (AgendaPacket), dated May 26, 2026 from Salem-Keizer School District 24J. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Willow Mixed Use Spe Llc hold?

Willow Mixed Use Spe Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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