CONTRACTAPPROVED

Town of Auburn Awards $1,000,000 Credit Enhancement Agreement Contract to Highgate Development (January 2025)

Disclosed value: $1,000,000; From minutes
Approved: Jan 6, 2025
Term: 30 years

What it covers

Credit Enhancement Agreement calls for 50% taxes paid, returned to developer up to $1 million over the 30 year life of TIF.

Who holds it

Highgate Development holds this credit enhancement agreement contract with Town of Auburn. Its other public contracts on record include work for City of Auburn and Town of Beals.

What happens next

Term as filed: 30 years.

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Contract details

Contract type: Credit Enhancement Agreement
Amount: $1,000,000
Document date: January 6, 2025
Term: 30 years
Vendor: Highgate Development
Agency: Town of Auburn
Source document: town-of-auburn-council-meeting-minutes-january-6-2025_6d4.pdf (Minutes)

Highgate Development's other public contracts

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Questions about this contract

Who was awarded the credit enhancement agreement contract by Town of Auburn?

Highgate Development was awarded this credit enhancement agreement contract by Town of Auburn, as recorded on January 6, 2025. The contract value is $1,000,000.

How much is the Highgate Development contract with Town of Auburn worth?

The Highgate Development contract with Town of Auburn is valued at $1,000,000, covering credit enhancement agreement work.

What type of contract is this?

This is a Credit Enhancement Agreement contract, documented as a minutes record.

Where was this contract approved?

This contract appears in town-of-auburn-council-meeting-minutes-january-6-2025_6d4.pdf (Minutes), dated January 6, 2025 from Town of Auburn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Highgate Development hold?

Highgate Development 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 Town of Auburn currently buying?

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

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