OTHERAPPROVED

ARHIP Incentive Approved for Attain on 5th

The Board approved an ARHIP incentive for Bonaventure’s Attain on 5th project. The incentive provides an annual benefit equal to 15% of real property taxes paid on the project for 30 years.

Document date · August 19, 2026

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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
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Scope & details

The full contract record, as filed.

Contract amount
15% of the real property taxes paid on the project each year
Contract type
OTHER
Contract term
30 years
Renewal date
2056-08-19
Renewal
Performance agreement authorized with Bonaventure; includes a recorded affordability covenant and long-term affordability and performance obligations for the 30-year incentive period.
Document type
Minutes
Source document
Albemarle County Minutes Board of Supervisors Meeting of August 19, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Albemarle County?

BONAVENTURE was awarded this government contract by Albemarle County, as recorded on August 19, 2026. The contract value is 15% of the real property taxes paid on the project each year.

How much is the BONAVENTURE contract with Albemarle County worth?

The BONAVENTURE contract with Albemarle County is valued at 15% of the real property taxes paid on the project each year.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Albemarle County Minutes Board of Supervisors Meeting of August 19, 2026 (Minutes), dated August 19, 2026 from Albemarle County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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