Pearson Properties, INC Tax Abatement Agreement
City of St. CharlesCity · MN- Disclosed value
- $120,000
- From agenda
- Document date
- Jul 26, 2022
- Term
- 10 years
The 30-second brief
The City will provide financial assistance of up to $120,000 to reimburse Developer for public infrastructure costs to be paid for by the Tax Abatement. The Tax Abatement shall be for a duration of not to exceed ten years and shall apply to the increased portion of the City's share of ad valorem property taxes imposed on the Development Property derived from the value of the Project, in a total amount not to exceed $120,000.00, beginning with taxes payable in 2025 and continuing through taxes payable in 2034.
Pearson Properties holds this tax abatement contract with City of St. Charles.
Term as filed: 10 years.
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Contract details
- Contract type
- Tax Abatement
- Amount
- $120,000
- Document date
- July 26, 2022
- Term
- 10 years
- Vendor
- Pearson Properties
- Agency
- City of St. Charles
- Source document
- city-of-st-charles-agenda-2022-07-26_119.pdf (Agenda)
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Questions about this contract
Who was awarded the tax abatement contract by City of St. Charles?
Pearson Properties was awarded this tax abatement contract by City of St. Charles, as recorded on July 26, 2022. The contract value is $120,000.
How much is the Pearson Properties contract with City of St. Charles worth?
The Pearson Properties contract with City of St. Charles is valued at $120,000, covering tax abatement work.
What type of contract is this?
This is a Tax Abatement contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-st-charles-agenda-2022-07-26_119.pdf (Agenda), dated July 26, 2022 from City of St. Charles. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pearson Properties hold?
Pearson Properties 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 St. Charles currently buying?
Explore City of St. Charles's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.