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Cambridge Square PILOT Agreement for renovation.
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Description
City of Bloomington considering a 17-year PILOT Agreement with Cambridge Square of Bloomington, LP, with annual payments of $29,376, to facilitate property rehabilitation. This agreement will fix the tax liability to a percentage of the baseline assessed value for 17 years and will increase at 3% annually
Contract Details
Contract Amount
$29,376
Vendor
CAMBRIDGE SQUARE
Agency
Town of East Bloomington, NE
Contract Type
PILOT Agreement
Document Date
June 4, 2025
Contract Term
17 years
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