CONSTRUCTIONAMENDED

PILOT Extension and Financial Assistance for First Columbia 433 River Street LLC

The Troy Industrial Development Authority approved an amended straight lease and PILOT extension for First Columbia 433 River Street, LLC, granting up to $240,000 in sales tax exemptions and total financial assistance exceeding $3.1 million over a decade. The extension includes large-scale property improvements and sustained employment commitments.

Document date · March 20, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $3,000,000 in taxable purchases, with sales and use tax exemption benefits not to exceed $240,000; PILOT valued at combined total savings of $2,883,348.03; total estimated financial assistance $3,123,348.03
Contract type
CONSTRUCTION
Contract term
PILOT ten-year extension (2030–2039); agent authorization expires December 31, 2027 unless extended
Renewal date
2039-12-31
Renewal
Original resolutions adopted 2016, 2017, 2019; current extension covers an additional 10 years. Straight lease agent appointment expires December 31, 2027 unless extended upon written application.
Document type
Agenda
Source document
Troy Industrial Development Authority Board Meeting Agenda March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Troy?

First Columbia 433 River Street Llc was awarded this construction contract by City of Troy, as recorded on March 20, 2026. The contract value is Up to $3,000,000 in taxable purchases, with sales and use tax exemption benefits not to exceed $240,000; PILOT valued at combined total savings of $2,883,348.03; total estimated financial assistance $3,123,348.03.

How much is the First Columbia 433 River Street Llc contract with City of Troy worth?

The First Columbia 433 River Street Llc contract with City of Troy is valued at Up to $3,000,000 in taxable purchases, with sales and use tax exemption benefits not to exceed $240,000; PILOT valued at combined total savings of $2,883,348.03; total estimated financial assistance $3,123,348.03, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Troy Industrial Development Authority Board Meeting Agenda March 2026 (Agenda), dated March 20, 2026 from City of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Columbia 433 River Street Llc hold?

First Columbia 433 River Street 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.

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