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City of Auburn Awards $250,000 Incentive Contract to Auburn Town Center Apartments (January 2025)

City of Auburn logoCity of Auburn
Disclosed value
$250,000
From meeting minutes
Approved
Jan 6, 2025
Term
30 years

The 30-second brief

What it covers

City of Auburn approves $250,000 incentive for Auburn Town Center Apartments. In addition to this the Credit Enhancement Agreement (CEA) calls for 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) over the 30-year life of the TIF.

Who holds it

Auburn Town Center Apartments holds this incentive 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 years.

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Contract details

Contract type
Incentive
Amount
$250,000
Document date
January 6, 2025
Term
30 years
Vendor
Auburn Town Center Apartments
Agency
City of Auburn
Source document
city-of-auburn-meeting-minutes-2025-01-06_7bd.pdf (Meeting Minutes)

Auburn Town Center Apartments's other public contracts

City of Auburn, MaineAuburn Town Center Apartments, LLC awarded $50,000 property sale contract · Apr 22, 2025$50KCity of Auburn, MaineAuburn Town Center secured $1M Tax incentive · Mar 17, 2025$250KTown of Auburn, KansasAuburn Center Apartments gets 30 year tax incentive · Jan 6, 2025$1MTown of Beals, MaineAuburn approves $1 million Credit Enhancement Agreement · Jan 6, 2025$1MAll Auburn Town Center Apartments contractsVendor profile

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Questions about this contract

Who was awarded the incentive contract by City of Auburn?

Auburn Town Center Apartments was awarded this incentive contract by City of Auburn, as recorded on January 6, 2025. The contract value is $250,000.

How much is the Auburn Town Center Apartments contract with City of Auburn worth?

The Auburn Town Center Apartments contract with City of Auburn is valued at $250,000, covering incentive work.

What type of contract is this?

This is a Incentive contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-auburn-meeting-minutes-2025-01-06_7bd.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 Auburn Town Center Apartments hold?

Auburn Town Center Apartments 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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