Wethersfield Town Council Regular Meeting Minutes 2026-06-01
Town Council Approves Tax Abatement for Related Affordable at 100 Executive Square
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Description
Wethersfield Town Council approved a 20-year tax abatement agreement with Related Affordable, LLC for 100 Executive Square. The deal includes a $600,000 impact fee, $575,000 first-year payment with 2.5% annual increases, and secures 40 years of affordable housing restrictions.
Contract Details
Contract Amount
$600,000 Upfront Impact Fee; $575,000 Year 1 Payment; 2.5% Annual Increases
Vendor
RELATED AFFORDABLE LLC
Agency
Town of Wethersfield, CT
Contract Type
OTHER
Document Date
June 1, 2026
Contract Term
20-year tax abatement agreement; new 40-year affordability restrictions for housing units
Renewal Date
2046-06-01
Renewal Info
Initial term 20 years; 40-year affordability preservation covenant. Annual payments increase at 2.5%.
More from RELATED AFFORDABLE LLC
Related Contracts
Town of Wethersfield Agenda Town Council Meeting 2026-06-08
PENDINGCity of Lakewood AgendaPacket Regular Meeting of the City Council 2026-06-08
APPROVEDTown of Wethersfield Tax Abatement Agreement 2026-05-21
APPROVEDIllinois Housing Development Authority Board Meeting Minutes April 2026
APPROVEDConnecticut Housing Finance Authority Board Minutes March 2026
PENDINGMore from Town of Wethersfield
Wethersfield Planning and Zoning Commission Agenda 2026-06-16
Wethersfield Planning and Zoning Commission Agenda 2026-06-16
Wethersfield Planning and Zoning Commission Agenda 2026-06-16
Wethersfield Planning and Zoning Commission Agenda 2026-06-16
Wethersfield Planning and Zoning Commission Agenda 2026-06-16
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