mayor_and_selectmens_meeting_agenda_december_2025.pdf
CMP Belding Mill Owner, LLC tax abatement agreement approved for redevelopment
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Description
CMP Belding Mill Owner, LLC entered into a tax abatement agreement with the Town of Putnam for redevelopment of the Belding Mill property, involving remediation and construction with a $33 million investment, effective December 15, 2025, lasting approximately 30 years.
Contract Details
Contract Amount
NA
Vendor
CMP BELDING MILL OWNER
Agency
Town of Putnam, CT
Contract Type
Tax Abatement Agreement
Document Date
December 15, 2025
Contract Term
December 15, 2025 – approximately 30 years
Renewal Date
December 15, 2025
Renewal Info
Agreement includes phased tax abatement over 25 years with conditions and possible extensions
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