Council Amends Conant Development TIF 4 Reimbursement

The Salem City Council is considering Ordinance 2026-14 to amend the Conant Development TIF 4 agreement, allowing reimbursement up to a $405,000 floor while retaining a $1,000,000 maximum. Reimbursements will be made upon verification of work and expenses under the existing TIF development framework.

Scope & details

The full contract record, as filed.

Contract amount

Reimbursement floor $405,000.00; maximum $1,000,000.00

Contract type

FINANCIAL_SERVICES

Renewal

Amendment adjusts reimbursement interpretation to allow payments up to a $405,000 floor while keeping the $1,000,000 cap; no specific renewal terms stated.

Document type

AgendaPacket

Source document

City of Salem AgendaPacket Regular City Council Meeting 2026-06-01

Frequently asked questions

Common questions about this contract, answered from the record.

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

CONANT was awarded this financial services contract by Town of Salem, as recorded on June 1, 2026. The contract value is Reimbursement floor $405,000.00; maximum $1,000,000.00.

How much is the CONANT contract with Town of Salem worth?

The CONANT contract with Town of Salem is valued at Reimbursement floor $405,000.00; maximum $1,000,000.00, covering financial services work.

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 Salem AgendaPacket Regular City Council Meeting 2026-06-01 (AgendaPacket), dated June 1, 2026 from Town of Salem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does CONANT hold?

CONANT may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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