City of Watertown Awards Lease Contract to Beaverbrook Step Inc (October 2023)

Scope & details

The full contract record, as filed.

Contract amount

$50,000 (predevelopment expenses for 2023); annual rent (COLA-adjusted, see notes)

Contract type

LEASE

Contract term

30 years (Contract and Lease Term, tied to FCF loan)

Renewal date

2055-XX-XX

Renewal

Rent increases annually on the contract renewal date by at least COLA. DDS guarantees the contract if the Provider is unable to fulfill obligations. 30-year base term with potential for extensions depending on loan/funding terms.

Document type

Contract

Source document

watertown-housing-authority-lease-and-management-contract_7fb.pdf

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Watertown Housing Development Corporation Board of Directors Meeting Minutes March 2026

APPROVED

Watertown Housing Authority, New YorkMar 16, 2026

city-of-watertown-community-preservation-committee-meeting-agenda_41e.pdf

ONGOING

City of Watertown, Massachusetts$50,000 predevelopment funding (historical); future lease and service payments per DDS contracts (amounts not stated)May 15, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the lease contract by City of Watertown?

Beaverbrook Step Inc was awarded this lease contract by City of Watertown, as recorded on October 25, 2023. The contract value is $50,000 (predevelopment expenses for 2023); annual rent (COLA-adjusted, see notes).

How much is the Beaverbrook Step Inc contract with City of Watertown worth?

The Beaverbrook Step Inc contract with City of Watertown is valued at $50,000 (predevelopment expenses for 2023); annual rent (COLA-adjusted, see notes), covering lease work.

What type of contract is this?

This is a Lease contract, documented as a contract record.

Where was this contract approved?

This contract appears in watertown-housing-authority-lease-and-management-contract_7fb.pdf (Contract), dated October 25, 2023 from City of Watertown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Beaverbrook Step Inc hold?

Beaverbrook Step 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.

View Beaverbrook Step Inc's profile

What is City of Watertown currently buying?

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

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