City of Troy Awards Financial Services Contract to First Columbia 433 River Street Llc (January 2026)

Scope & details

The full contract record, as filed.

Contract amount

Total Estimated Financial Assistance $3,123,348.03 (including Sales Tax Savings: $240,000.00, PILOT real property tax savings: $2,883,348.03)

Contract type

FINANCIAL_SERVICES

Contract term

PILOT through 2029 with a proposed 10-year extension (2030–2039), sales tax benefit authorization expires December 31, 2027

Renewal date

2039-12-31

Renewal

Amended and extended PILOT with new 10-year term through 2039; prior PILOT and lease agreements previously amended (resolutions 2016, 2017, 2018, 2019); action in 2026 further extends duration and updates job/space configurations.

Document type

Agenda

Source document

Troy Industrial Development Authority Board Meeting Agenda January 2026

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Troy Industrial Development Authority AgendaPacket Regular Board Meeting 2026-08-28

APPROVED

City of Troy, New YorkAug 28, 2026

Troy Industrial Development Authority AgendaPacket Regular Board Meeting 2026-08-28

APPROVED

City of Troy, New YorkAug 28, 2026

Troy Industrial Development Authority Board Meeting Agenda March 2026

AMENDED

City of Troy, New YorkUp to $3,000,000 in taxable purchases, with sales and use tax exemption benefits not to exceed $240,000; PILOT valued at combined total savings of $2,883,348.03; total estimated financial assistance $3,123,348.03Mar 20, 2026

Troy Industrial Development Authority Board Meeting Minutes February 2026

AMENDED

City of Troy, New YorkSales and Use Tax Exemption up to $240,000; estimated total financial assistance $3,123,348.03 (including PILOT savings and sales tax exemptions)Feb 20, 2026

Troy Industrial Development Authority Regular Board Meeting Minutes January 2026

AMENDED

City of Troy, New York$3,123,348.03 (total estimated financial assistance); $240,000 (sales tax exemption cap); see PILOT payment table for yearly breakdownJan 16, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Troy?

First Columbia 433 River Street Llc was awarded this financial services contract by City of Troy, as recorded on January 16, 2026. The contract value is Total Estimated Financial Assistance $3,123,348.03 (including Sales Tax Savings: $240,000.00, PILOT real property tax savings: $2,883,348.03).

How much is the First Columbia 433 River Street Llc contract with City of Troy worth?

The First Columbia 433 River Street Llc contract with City of Troy is valued at Total Estimated Financial Assistance $3,123,348.03 (including Sales Tax Savings: $240,000.00, PILOT real property tax savings: $2,883,348.03), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Troy Industrial Development Authority Board Meeting Agenda January 2026 (Agenda), dated January 16, 2026 from City of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Columbia 433 River Street Llc hold?

First Columbia 433 River Street 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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