Beaverbrook STEP to Lease and Operate 103 Nichols Home

Scope & details

The full contract record, as filed.

Contract amount

$50,000 predevelopment funding (historical); future lease and service payments per DDS contracts (amounts not stated)

Contract type

OTHER

Contract term

30-year FCF loan duration for coordinated operation; ongoing lease and service contracts with DDS

Renewal date

2055-12-31

Renewal

MOU specifies coordinated development, construction, and operation in compliance with Facilities Consolidation Fund requirements for the full 30-year FCF loan; lease and DDS service contracts are subject to annual review and cost-of-living adjustments.

Document type

Agenda

Source document

city-of-watertown-community-preservation-committee-meeting-agenda_41e.pdf

Related contracts

Other contracts from Beaverbrook Step Inc.

View all →

Watertown Housing Development Corporation Board of Directors Meeting Minutes March 2026

APPROVED

Watertown Housing Authority, New YorkMar 16, 2026

watertown-housing-authority-lease-and-management-contract_7fb.pdf

APPROVED

City of Watertown, Massachusetts$50,000 (predevelopment expenses for 2023); annual rent (COLA-adjusted, see notes)Oct 25, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Watertown?

Beaverbrook Step Inc was awarded this government contract by City of Watertown, as recorded on May 15, 2025. The contract value is $50,000 predevelopment funding (historical); future lease and service payments per DDS contracts (amounts not stated).

How much is the Beaverbrook Step Inc contract with City of Watertown worth?

The Beaverbrook Step Inc contract with City of Watertown is valued at $50,000 predevelopment funding (historical); future lease and service payments per DDS contracts (amounts not stated).

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-watertown-community-preservation-committee-meeting-agenda_41e.pdf (Agenda), dated May 15, 2025 from City of Watertown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Beaverbrook Step Inc hold?

Beaverbrook Step Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Beaverbrook Step Inc's profile

What is City of Watertown currently buying?

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

View City of Watertown's profile