Township of Randolph Awards Tax Exemption Contract to Randolph Mt Freedom (May 2025)
Township of RandolphCity · Randolph, NJ- Approved
- May 1, 2025
- Term
- 30 years
The 30-second brief
Randolph MT Freedom, LLC, has secured a 30-year tax exemption agreement with the Township of Randolph for its 25-unit affordable rental housing project. The agreement includes annual payments in lieu of taxes based on a percentage of the project's gross revenue.
Randolph Mt Freedom holds this tax exemption contract with Township of Randolph.
Term as filed: 30 years.
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Contract details
- Contract type
- Tax Exemption
- Document date
- May 1, 2025
- Term
- 30 years
- Vendor
- Randolph Mt Freedom
- Agency
- Township of Randolph
- Source document
- township-of-randolph-contract-2025-05-01_130.pdf (Contract)
Randolph Mt Freedom's other public contracts
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Questions about this contract
Who was awarded the tax exemption contract by Township of Randolph?
Randolph Mt Freedom was awarded this tax exemption contract by Township of Randolph, as recorded on May 1, 2025.
What type of contract is this?
This is a Tax Exemption contract, documented as a contract record.
Where was this contract approved?
This contract appears in township-of-randolph-contract-2025-05-01_130.pdf (Contract), dated May 1, 2025 from Township of Randolph. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Randolph Mt Freedom hold?
Randolph Mt Freedom may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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What is Township of Randolph currently buying?
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