Sanford Spinning Mills LLC seeks $28M TIE approval
City of Fall RiverCity · KS- Disclosed value
- $28,000,000
- From agenda
- Document date
- Nov 14, 2023
- Term
- 10 years
The 30-second brief
Sanford Spinning Mills LLC proposes a $28 million rehabilitation of mill property at 206 Globe Mills Avenue into 93 market-rate residential units, seeking an 80% real estate tax savings for Years 1-5 and a 20% savings for Years 6-10 through a Tax Increment Exemption (TIE) agreement.
Sanford Spinning Mills holds this tax increment exemption contract with City of Fall River. Its other public contracts on record include work for Fall River village and Town of Fall River.
Term as filed: 10 years.
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Contract details
- Contract type
- Tax Increment Exemption
- Amount
- $28,000,000
- Document date
- November 14, 2023
- Term
- 10 years
- Vendor
- Sanford Spinning Mills
- Agency
- City of Fall River
- Source document
- city-of-fall-river-city-council-meeting-agenda-november-14-2023_315.pdf (Agenda)
Sanford Spinning Mills's other public contracts
More City of Fall River contracts
Questions about this contract
Who was awarded the tax increment exemption contract by City of Fall River?
Sanford Spinning Mills was awarded this tax increment exemption contract by City of Fall River, as recorded on November 14, 2023. The contract value is $28,000,000.
How much is the Sanford Spinning Mills contract with City of Fall River worth?
The Sanford Spinning Mills contract with City of Fall River is valued at $28,000,000, covering tax increment exemption work.
What type of contract is this?
This is a Tax Increment Exemption contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-fall-river-city-council-meeting-agenda-november-14-2023_315.pdf (Agenda), dated November 14, 2023 from City of Fall River. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sanford Spinning Mills hold?
Sanford Spinning Mills may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Fall River currently buying?
Explore City of Fall River's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.