FINANCIAL_SERVICESAPPROVED

City of Westfield city Awards Financial Services Contract to Community Health Network Inc (March 2026)

The City of Westfield Redevelopment Commission approved a long-term PILOT Agreement with Community Health Network, Inc. under Resolution 07-2026, providing for semiannual payments in lieu of property taxes tied to exemptions on a new hospital tower in the East Side Economic Development Area. The agreement runs through December 31, 2051 with scheduled payments beginning in 2027 and escalating over time.

Document date · March 30, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Year 1: $237,000; Year 2: $277,750; Year 3: $318,500; Year 4: $359,250; Years 5-9: $400,000 annually; Years 10-25: semiannual payments increasing by 5% every five years
Contract type
FINANCIAL_SERVICES
Contract term
Commencing execution in 2026 and expiring December 31, 2051
Renewal date
2051-12-31
Renewal
Agreement term runs through December 31, 2051; any modification or early termination requires mutual written consent and formal public approval by the RDC and City Council for statutory changes. No automatic renewal beyond 2051 is provided.
Document type
Agenda
Source document
City of Westfield Redevelopment Commission Meeting Agenda March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Westfield city?

Community Health Network Inc was awarded this financial services contract by City of Westfield city, as recorded on March 30, 2026. The contract value is Year 1: $237,000; Year 2: $277,750; Year 3: $318,500; Year 4: $359,250; Years 5-9: $400,000 annually; Years 10-25: semiannual payments increasing by 5% every five years.

How much is the Community Health Network Inc contract with City of Westfield city worth?

The Community Health Network Inc contract with City of Westfield city is valued at Year 1: $237,000; Year 2: $277,750; Year 3: $318,500; Year 4: $359,250; Years 5-9: $400,000 annually; Years 10-25: semiannual payments increasing by 5% every five years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Westfield Redevelopment Commission Meeting Agenda March 2026 (Agenda), dated March 30, 2026 from City of Westfield city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Community Health Network Inc hold?

Community Health Network 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 Community Health Network Inc's profile

What is City of Westfield city currently buying?

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

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