Fall River village Awards $10,629,872 Tax Increment Exemption Contract to Sacred Heart Lofts (February 2024)
Fall River villageCity · WI- Disclosed value
- $10,629,872
- From minutes
- Approved
- Feb 15, 2024
- Term
- 10 years
The 30-second brief
City Council approves Tax Increment Exemption (TIE) Agreement for Sacred Heart Lofts LLC, investing $10,629,872 to create 46 market rate residential units at 160 Linden Street. The agreement includes a ten-year exemption schedule with 80% exemption for Years 1-5 and 20% for Years 6-10.
Sacred Heart Lofts holds this tax increment exemption contract with Fall River village. Its other public contracts on record include work for Town of Fall River and City of Fall River.
Term as filed: 10 years.
See who signed off on this $10.6M contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Tax Increment Exemption
- Amount
- $10,629,872
- Document date
- February 15, 2024
- Term
- 10 years
- Vendor
- Sacred Heart Lofts
- Agency
- Fall River village
- Source document
- fall-river-city-council-meeting-minutes-february-15-2024_26a.pdf (Minutes)
Sacred Heart Lofts's other public contracts
More Fall River village contracts
Questions about this contract
Who was awarded the tax increment exemption contract by Fall River village?
Sacred Heart Lofts was awarded this tax increment exemption contract by Fall River village, as recorded on February 15, 2024. The contract value is $10,629,872.
How much is the Sacred Heart Lofts contract with Fall River village worth?
The Sacred Heart Lofts contract with Fall River village is valued at $10,629,872, 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 fall-river-city-council-meeting-minutes-february-15-2024_26a.pdf (Minutes), dated February 15, 2024 from Fall River village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Sacred Heart Lofts hold?
Sacred Heart Lofts 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 Fall River village currently buying?
Explore Fall River village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.