Westbrook Development Corporation signs credit enhancement agreement
City of BiddefordCity · Biddeford, ME- Document date
- Aug 5, 2025
- Term
- 28 years
The 30-second brief
The City will capture 75% of the increased assessed value on the lots and return 100% of those funds to the Developer for 28 years, supporting long-term affordability.
Westbrook Development Corp holds this credit enhancement agreement contract with City of Biddeford.
Term as filed: 28 years.
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Contract details
- Contract type
- Credit Enhancement Agreement
- Document date
- August 5, 2025
- Term
- 28 years
- Agency
- City of Biddeford
- Source document
- city-of-biddeford-city-council-meeting-agenda-august-5-2025_aad.pdf (Agenda)
Westbrook Development Corp's other public contracts
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Questions about this contract
Who was awarded the credit enhancement agreement contract by City of Biddeford?
Westbrook Development Corp was awarded this credit enhancement agreement contract by City of Biddeford, as recorded on August 5, 2025.
What type of contract is this?
This is a Credit Enhancement Agreement contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-biddeford-city-council-meeting-agenda-august-5-2025_aad.pdf (Agenda), dated August 5, 2025 from City of Biddeford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Westbrook Development Corp hold?
Westbrook Development Corp 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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What is City of Biddeford currently buying?
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