City of Gardner AgendaPacket Finance Committee Meeting 2026-07-01
Gardner Approves TIE With Arque Capital
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Description
The City of Gardner approved a Tax Increment Exemption agreement with Arque Capital, a subsidiary of Matias Capital LLC, to support conversion of 94 Pleasant Street into six residential units. The agreement phases in property tax payments over a multi‑year schedule ending around FY42.
Contract Details
Vendor
ARQUE CAPITAL
Agency
Gardner School District, MA
Contract Type
FINANCIAL_SERVICES
Document Date
June 30, 2026
Contract Term
Approx. FY28–FY42 phased exemption schedule per attached TIE table
Renewal Date
2042-06-30
Renewal Info
TIE provides a defined exemption schedule for the new building value through FY42, after which the property is fully taxable; no separate renewal clauses are indicated.
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