OTHERAPPROVED

CIP grant package for Walnut Park rental project

The City of St. Thomas plans to award multiple Community Improvement Plan grants to Walnut Park Inc. for a new five-storey, 46-unit rental building at 65 Walnut Street, with an estimated project value of $13 million. Support will include a residential grant, development charge grant, tax increment grant, and planning and building fees grant, with funding issued upon project completion.

Status
APPROVED
Document date
May 19, 2026
Contract type
OTHER
Vendor
Walnut Park Inc
Agency
City of St. Thomas · Canada

Trusted by teams at

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
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
Residential Grant up to $100,000; Planning and Building Fees Grant up to $5,000; Development Charge Grant estimated at $176,023; Tax Increment Grant estimated foregone tax revenue of approximately $25,500 over four years based on 2025 taxation levels
Contract type
OTHER
Contract term
Tax Increment Grant over a 5-year period (phased abatements years 1–5)
Renewal
Tax Increment Grant structured with stepped abatements: 80% in year 1, 60% in year 2, 40% in year 3, 20% in year 4, and 0% in year 5; grant values contingent on MPAC reassessment and issued post-completion.
Document type
Agenda
Source document
City of St. Thomas Council Meeting Agenda May 19, 2026

Related contracts

Other contracts from Walnut Park Inc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of St. Thomas?

Walnut Park Inc was awarded this government contract by City of St. Thomas, as recorded on May 19, 2026. The contract value is Residential Grant up to $100,000; Planning and Building Fees Grant up to $5,000; Development Charge Grant estimated at $176,023; Tax Increment Grant estimated foregone tax revenue of approximately $25,500 over four years based on 2025 taxation levels.

How much is the Walnut Park Inc contract with City of St. Thomas worth?

The Walnut Park Inc contract with City of St. Thomas is valued at Residential Grant up to $100,000; Planning and Building Fees Grant up to $5,000; Development Charge Grant estimated at $176,023; Tax Increment Grant estimated foregone tax revenue of approximately $25,500 over four years based on 2025 taxation levels.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of St. Thomas Council Meeting Agenda May 19, 2026 (Agenda), dated May 19, 2026 from City of St. Thomas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Walnut Park Inc hold?

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

View Walnut Park Inc's profile

What is City of St. Thomas currently buying?

Explore City of St. Thomas's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of St. Thomas's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free