CONTRACTAPPROVED

City of Fall River Awards $20,186,138 Tax Increment Exemption Contract to 295 Bedford Street (March 2025)

City of Fall River
Disclosed value
$20,186,138
From minutes
Approved
Mar 25, 2025
Term
10 years

The 30-second brief

What it covers

The City Council of Fall River approved a Tax Increment Exemption (TIE) and Certified Project Status for 295 Bedford Street LLC. The company plans to invest an estimated $20,186,138 to create 48 market rate residential units and four deed restricted HOME residential units at 295 Bedford Street.

Who holds it

295 Bedford Street holds this tax increment exemption contract with City of Fall River. Its other public contracts on record include work for Town of Fall River and Fall River village.

What happens next

Term as filed: 10 years.

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Contract details

Contract type
Tax Increment Exemption
Amount
$20,186,138
Document date
March 25, 2025
Term
10 years
Source document
city-of-fall-river-city-council-meeting-minutes-march-25-2025_7df.pdf (Minutes)

295 Bedford Street's other public contracts

More City of Fall River contracts

Questions about this contract

Who was awarded the tax increment exemption contract by City of Fall River?

295 Bedford Street was awarded this tax increment exemption contract by City of Fall River, as recorded on March 25, 2025. The contract value is $20,186,138.

How much is the 295 Bedford Street contract with City of Fall River worth?

The 295 Bedford Street contract with City of Fall River is valued at $20,186,138, covering tax increment exemption work.

What type of contract is this?

This is a Tax Increment Exemption contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-fall-river-city-council-meeting-minutes-march-25-2025_7df.pdf (Minutes), dated March 25, 2025 from City of Fall River. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does 295 Bedford Street hold?

295 Bedford Street 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 Fall River currently buying?

Explore City of Fall River's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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