FINANCIAL_SERVICESAPPROVED

City of Newport Awards Financial Services Contract to Northeast Kingdom Development Corporation (July 2026)

Newport City Council approved a five-year tax stabilization agreement with Northeast Kingdom Development Corporation for the industrial property at 172 Bogner Drive, effective April 1, 2026. The agreement provides phased property tax relief to support redevelopment of the blighted site.

Status
APPROVED
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Northeast Kingdom Development Corporation
Agency
City of Newport · VT

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
April 1, 2026 – March 31, 2031
Renewal date
2031-03-31
Renewal
Initial five-year tax stabilization term from April 1, 2026; further extensions or renewals would require council action.
Document type
AgendaPacket
Source document
City of Newport AgendaPacket Regular Council Meeting 2026-07-06

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Newport?

Northeast Kingdom Development Corporation was awarded this financial services contract by City of Newport, as recorded on July 6, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Newport AgendaPacket Regular Council Meeting 2026-07-06 (AgendaPacket), dated July 6, 2026 from City of Newport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Northeast Kingdom Development Corporation hold?

Northeast Kingdom Development Corporation 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 Northeast Kingdom Development Corporation's profile

What is City of Newport currently buying?

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

View City of Newport's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free