IRB and Land Sale Proposed for A.C.E. Expansion

Scope & details

The full contract record, as filed.

Contract amount

$1,350,000 estimated building value; $147,944 in City incentives ($144,275 City portion of 10-year 95% property tax exemption plus $3,670 City sales tax exemption); City land sale price $29,545.60

Contract type

FINANCIAL_SERVICES

Contract term

10-year 95% property tax abatement and 100% sales tax exemption on construction materials

Renewal date

2037-12-31

Renewal

Proposed incentives include a 10-year 95% property tax abatement tied to a PILOT/performance agreement; abatements can be terminated if agreed conditions are not met. HPIP-related sales tax exemption is also part of the package.

Document type

Agenda

Source document

City of Derby Agenda Community Development Advisory Board Meeting 2026-08-05

Frequently asked questions

Common questions about this contract, answered from the record.

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

Aircraft & Commercial Enterprises Inc was awarded this financial services contract by City of Derby, as recorded on August 1, 2026. The contract value is $1,350,000 estimated building value; $147,944 in City incentives ($144,275 City portion of 10-year 95% property tax exemption plus $3,670 City sales tax exemption); City land sale price $29,545.60.

How much is the Aircraft & Commercial Enterprises Inc contract with City of Derby worth?

The Aircraft & Commercial Enterprises Inc contract with City of Derby is valued at $1,350,000 estimated building value; $147,944 in City incentives ($144,275 City portion of 10-year 95% property tax exemption plus $3,670 City sales tax exemption); City land sale price $29,545.60, 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 City of Derby Agenda Community Development Advisory Board Meeting 2026-08-05 (Agenda), dated August 1, 2026 from City of Derby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Aircraft & Commercial Enterprises Inc hold?

Aircraft & Commercial Enterprises Inc 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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