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Credit Enhancement Agreement for Addison Capital

Town of Cumberland logoTown of Cumberland
Disclosed value
$5,000
From agenda
Document date
Nov 24, 2025
Term
20 years

The 30-second brief

What it covers

Town of Cumberland considers a Credit Enhancement Agreement for Addison Capital, allocating $5,000 of Tax Increment Revenues for every $50,000 of Excise Tax paid by Lucas Tree, with a 20-year term.

Who holds it

Addison Capital holds this credit enhancement contract with Town of Cumberland. Its other public contracts on record include work for Brookdale Community College.

What happens next

Term as filed: 20 years.

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Contract details

Contract type
Credit Enhancement
Amount
$5,000
Document date
November 24, 2025
Term
20 years
Vendor
Addison Capital
Agency
Town of Cumberland
Source document
cumberland_town_council_meeting_agenda_november_24.pdf (Agenda)

Addison Capital's other public contracts

Town of Cumberland, MaineAddison Capital credit enhancement agreement approved for 20 years · Nov 24, 2025UndisclosedTown of Cumberland, MaineCouncil to Consider Addison Capital Credit Agreement · Nov 24, 2025UndisclosedTown of Cumberland, MaineHearing Set on New Addison Capital Credit Enhancement · Nov 10, 2025UndisclosedBrookdale Community College, New JerseyAddison Capital Oversees Foundation Investment Portfolio · Jul 23, 2019All Addison Capital contractsVendor profile

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Questions about this contract

Who was awarded the credit enhancement contract by Town of Cumberland?

Addison Capital was awarded this credit enhancement contract by Town of Cumberland, as recorded on November 24, 2025. The contract value is $5,000.

How much is the Addison Capital contract with Town of Cumberland worth?

The Addison Capital contract with Town of Cumberland is valued at $5,000, covering credit enhancement work.

What type of contract is this?

This is a Credit Enhancement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in cumberland_town_council_meeting_agenda_november_24.pdf (Agenda), dated November 24, 2025 from Town of Cumberland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Addison Capital hold?

Addison Capital 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 Town of Cumberland currently buying?

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

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