15-Year Tax Rebate Deal Approved for ZeroPak Housing
City of WinchesterCity · Winchester, VA- Disclosed value
- 15 years' incremental property tax rebates (difference between CY25 assessment baseline and post-completion reassessment property tax)
- From agendapacket
- Approved
- Jun 2, 2026
- Renews
- Free account
The 30-second brief
The Winchester City Council approved an agreement with ZeroPak Owner LLC and the Winchester Economic Development Authority to provide 15 years of annual grant payments equal to the incremental property tax value above the 2025 baseline, incentivizing the redevelopment of the ZeroPak site into affordable workforce housing. The incentive, delivered as tax rebates each year, supports the creation of 120+ income-restricted units. The EDA and Council both approved the deal in Spring 2026.
Zeropak Owner LLC holds this contract with City of Winchester.
The renewal date is on record. A free account shows it, with the renewals for every City of Winchester contract.
Know when this contract comes back up.
See the renewal dateFree account · 30-second setup · No credit card
Contract details
- Amount
- 15 years' incremental property tax rebates (difference between CY25 assessment baseline and post-completion reassessment property tax)
- Document date
- June 2, 2026
- Term
- 15 years (First Taxable Period: calendar year following completion in February 2026; then 14 succeeding years)
- Renews
- Free account
- Vendor
- Zeropak Owner LLC
- Agency
- City of Winchester
- Source document
- City of Winchester City Council - Finance Committee Agenda Packet 2026-06-02 (AgendaPacket)
Zeropak Owner LLC's other public contracts
More City of Winchester contracts
Questions about this contract
Who was awarded the government contract by City of Winchester?
Zeropak Owner LLC was awarded this government contract by City of Winchester, as recorded on June 2, 2026. The contract value is 15 years' incremental property tax rebates (difference between CY25 assessment baseline and post-completion reassessment property tax).
How much is the Zeropak Owner LLC contract with City of Winchester worth?
The Zeropak Owner LLC contract with City of Winchester is valued at 15 years' incremental property tax rebates (difference between CY25 assessment baseline and post-completion reassessment property tax).
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Winchester City Council - Finance Committee Agenda Packet 2026-06-02 (AgendaPacket), dated June 2, 2026 from City of Winchester. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Zeropak Owner LLC hold?
Zeropak Owner LLC 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 Winchester currently buying?
Explore City of Winchester's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.