Auburn Approves Stetson Road TIF District

The Auburn City Council approved Tax Increment Financing District #34 for a Stetson Road housing project by AR Development. The project includes a $43 million investment to construct 160 rental units over a 30-year district term beginning July 1, 2026. The development program includes a credit enhancement agreement reimbursing up to $4 million.

Document date · September 8, 2026

Track City of Auburn contracts

Get alerts when new contracts are awarded or existing ones approach renewal at City of Auburn.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract amount

$43,000,000

Contract type

OTHER

Contract term

Start date of July 1, 2026; end date of June 30, 2056; 30 years

Renewal date

2056-06-30

Renewal

Credit enhancement agreement offers reimbursement of 50% of property taxes paid on captured assessed value, up to a cumulative total of $4,000,000. District term is 30 years; no automatic renewal stated.

Document type

StaffReport

Source document

City of Auburn StaffReport TIF #34 Stetson Road Approval 2026-09-08

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Auburn?

Ar Development was awarded this government contract by City of Auburn, as recorded on September 8, 2026. The contract value is $43,000,000.

How much is the Ar Development contract with City of Auburn worth?

The Ar Development contract with City of Auburn is valued at $43,000,000.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Auburn StaffReport TIF #34 Stetson Road Approval 2026-09-08 (StaffReport), dated September 8, 2026 from City of Auburn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ar Development hold?

Ar Development 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 Ar Development's profile

What is City of Auburn currently buying?

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

View City of Auburn's profile