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City of Salem Awards Tax Increment Financing Agreement Amendment Contract to Tropical Products (April 2025)

City of Salem logoCity of Salem
Approved
Apr 24, 2025
Term
5 years

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THE 30-SECOND BRIEF

What it covers

Salem City Council approves amendments to the Tax Increment Financing Agreement with Tropical Products, Inc., offering a five-year tax exemption with a revised schedule due to unforeseen construction costs.

Who holds it

Tropical Products holds this tax increment financing agreement amendment contract with City of Salem. Its other public contracts on record include work for Town of Salem.

What happens next

Term as filed: 5 years.

Contract details

Contract type
Tax Increment Financing Agreement Amendment
Document date
April 24, 2025
Term
5 years
Vendor
Tropical Products
Agency
City of Salem
Source document
city_of_salem_regular_meeting_minutes_april_2025.pdf (Minutes)

Tropical Products's other public contracts

City of Salem, MassachusettsTropical Products Inc's tax agreement amendment approved · Apr 24, 2025$579.1KTown of Salem, MichiganTropical Products Offers Community Gathering Space · Jun 4, 2024UndisclosedAll Tropical Products contractsVendor profile

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Questions about this contract

Who was awarded the tax increment financing agreement amendment contract by City of Salem?

Tropical Products was awarded this tax increment financing agreement amendment contract by City of Salem, as recorded on April 24, 2025.

What type of contract is this?

This is a Tax Increment Financing Agreement Amendment contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_of_salem_regular_meeting_minutes_april_2025.pdf (Minutes), dated April 24, 2025 from City of Salem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tropical Products hold?

Tropical Products 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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