City considers tax abatement for River & Rail

The City of Ashtabula is considering an ordinance authorizing a Community Reinvestment Area tax incentive agreement with River & Rail Development, LLC, providing 100% tax abatement for seven years for new residential dwellings at 725 E. 15th Street. The measure would delegate authority to the City Manager to execute the agreement.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

7 years

Renewal

Seven-year 100% tax abatement under a Community Reinvestment Area agreement; future renewal or extension terms are not specified in the agenda.

Document type

Agenda

Source document

City of Ashtabula Agenda Regular Meeting 2026-08-03

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Other contracts from River & Rail Development Llc.

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City of Ashtabula AgendaPacket 2026-08-03

PENDING

Town of Ashtabula, OhioAug 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Ashtabula?

River & Rail Development Llc was awarded this financial services contract by Town of Ashtabula, as recorded on August 3, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Ashtabula Agenda Regular Meeting 2026-08-03 (Agenda), dated August 3, 2026 from Town of Ashtabula. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does River & Rail Development Llc hold?

River & Rail Development Llc 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 River & Rail Development Llc's profile

What is Town of Ashtabula currently buying?

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

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