City of Fall River Awards $20,186,138 Tax Increment Exemption Contract to 295 Bedford Street (March 2025)
City of Fall RiverCity · Fall River, MA- Disclosed value
- $20,186,138
- From meeting minutes
- Approved
- Mar 25, 2025
- Term
- 10 years
The 30-second brief
TIE agreement for 295 Bedford Street LLC is approved and seeks a ten-year exemption schedule applied to the new value created reflecting an 80% exemption form Years 1 through 5 and a 20% exemption for Years 6 through 10. The project cost is estimated to be $20,186,138.
295 Bedford Street holds this tax increment exemption contract with City of Fall River. Its other public contracts on record include work for Town of Fall River and Fall River village.
Term as filed: 10 years.
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Contract details
- Contract type
- Tax Increment Exemption
- Amount
- $20,186,138
- Document date
- March 25, 2025
- Term
- 10 years
- Vendor
- 295 Bedford Street
- Agency
- City of Fall River
- Source document
- city-of-fall-river-meeting-minutes-2025-03-25_aaf.pdf (Meeting Minutes)
295 Bedford Street'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?
295 Bedford Street was awarded this tax increment exemption contract by City of Fall River, as recorded on March 25, 2025. The contract value is $20,186,138.
How much is the 295 Bedford Street contract with City of Fall River worth?
The 295 Bedford Street contract with City of Fall River is valued at $20,186,138, covering tax increment exemption work.
What type of contract is this?
This is a Tax Increment Exemption contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-fall-river-meeting-minutes-2025-03-25_aaf.pdf (Meeting Minutes), dated March 25, 2025 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 295 Bedford Street hold?
295 Bedford Street 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.