Town Council Approves Tax Abatement for Related Affordable at 100 Executive Square
Town of WethersfieldCity · Wethersfield, CT- Disclosed value
- $600,000 Upfront Impact Fee; $575,000 Year 1 Payment; 2.5% Annual Increases
- From minutes
- Approved
- Jun 1, 2026
- Renews
- Free account
The 30-second brief
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.
Related Affordable LLC holds this contract with Town of Wethersfield. Its other public contracts on record include work for City of Thornton city and Boulder county Housing Authority.
The renewal date is on record. A free account shows it, with the renewals for every Town of Wethersfield contract.
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Contract details
- Amount
- $600,000 Upfront Impact Fee; $575,000 Year 1 Payment; 2.5% Annual Increases
- Document date
- June 1, 2026
- Term
- 20-year tax abatement agreement; new 40-year affordability restrictions for housing units
- Renews
- Free account
- Vendor
- Related Affordable LLC
- Agency
- Town of Wethersfield
- Source document
- Wethersfield Town Council Regular Meeting Minutes 2026-06-01 (Minutes)
Related Affordable LLC's other public contracts
More Town of Wethersfield contracts
Questions about this contract
Who was awarded the government contract by Town of Wethersfield?
Related Affordable LLC was awarded this government contract by Town of Wethersfield, as recorded on June 1, 2026. The contract value is $600,000 Upfront Impact Fee; $575,000 Year 1 Payment; 2.5% Annual Increases.
How much is the Related Affordable LLC contract with Town of Wethersfield worth?
The Related Affordable LLC contract with Town of Wethersfield is valued at $600,000 Upfront Impact Fee; $575,000 Year 1 Payment; 2.5% Annual Increases.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Wethersfield Town Council Regular Meeting Minutes 2026-06-01 (Minutes), dated June 1, 2026 from Town of Wethersfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Related Affordable LLC hold?
Related Affordable 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.
What is Town of Wethersfield currently buying?
Explore Town of Wethersfield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.