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Commons 4075 LLC Secures $500,000 TIF Reimbursement

City of Port Orange logoCity of Port Orange
Disclosed value
$500,000
From agenda
Document date
Mar 18, 2025
Term
11 years

The 30-second brief

What it covers

Commons 4075 LLC to receive up to $500,000 TIF reimbursement over 11 years for a $2,595,912 investment in a multi-tenant retail building at 4075 Ridgewood Avenue. Reimbursement is based on 50% of the property tax increment revenue received by the CRA attributable to the project.

Who holds it

Commons 4075 holds this economic incentive contract with City of Port Orange.

What happens next

Term as filed: 11 years.

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Contract details

Contract type
Economic Incentive
Amount
$500,000
Document date
March 18, 2025
Term
11 years
Vendor
Commons 4075
Agency
City of Port Orange
Source document
port-orange-town-center-cra-meeting-agenda-march-18-2025_63d.pdf (Agenda)

Commons 4075's other public contracts

City of Port Orange, FloridaCommons 4075 LLC awarded Economic Incentive Agreement · Mar 18, 2025UndisclosedCity of Port Orange, FloridaEconomic Incentive Agreement under consideration · Mar 18, 2025UndisclosedCity of Port Orange, FloridaEconomic Incentive for redevelopment in the city · Mar 18, 2025$500KCity of Port Orange, FloridaEconomic incentive agreement approved for Catfish Commons · Mar 18, 2025UndisclosedCity of Port Orange, FloridaTIF Reimbursement Requested for Catfish Commons Redevelopment · Mar 18, 2025$500KAll Commons 4075 contractsVendor profile

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Questions about this contract

Who was awarded the economic incentive contract by City of Port Orange?

Commons 4075 was awarded this economic incentive contract by City of Port Orange, as recorded on March 18, 2025. The contract value is $500,000.

How much is the Commons 4075 contract with City of Port Orange worth?

The Commons 4075 contract with City of Port Orange is valued at $500,000, covering economic incentive work.

What type of contract is this?

This is a Economic Incentive contract, documented as a agenda record.

Where was this contract approved?

This contract appears in port-orange-town-center-cra-meeting-agenda-march-18-2025_63d.pdf (Agenda), dated March 18, 2025 from City of Port Orange. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Commons 4075 hold?

Commons 4075 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 Port Orange currently buying?

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

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