Stetson Road Apartments LLC Named in TIF Deal

Stetson Road Apartments, LLC was named in Auburn’s TIF #34 development program. The agreement allows reimbursement of 50% of captured property tax revenue up to $4 million to support construction of 160 rental housing units. The district term runs from July 1, 2026 through June 30, 2056.

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

$4,000,000

Contract type

OTHER

Contract term

Up to 30 years; July 1, 2026 – June 30, 2056

Renewal date

2056-06-30

Renewal

CEA reimbursement is capped at $4,000,000 cumulative. The development program states a 30-year district term and authorizes a CEA for up to 30 years; no auto-renewal described.

Document type

StaffReport

Source document

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

Related contracts

Other contracts from Stetson Road Apartments Llc.

View all →

City of Auburn AgendaPacket Council Workshop and Meeting September 8, 2026

APPROVED

City of Auburn, Maine50% of property taxes paid on Captured Assessed Value, up to a cumulative total reimbursement of $4,000,000Sep 8, 2026

City of Auburn AgendaPacket Council Workshop and Meeting September 8, 2026

APPROVED

City of Auburn, Maine50% of property taxes paid on Captured Assessed Value, up to a cumulative total reimbursement of $4,000,000Sep 8, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Auburn?

Stetson Road Apartments Llc was awarded this government contract by City of Auburn, as recorded on September 8, 2026. The contract value is $4,000,000.

How much is the Stetson Road Apartments Llc contract with City of Auburn worth?

The Stetson Road Apartments Llc contract with City of Auburn is valued at $4,000,000.

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 Stetson Road Apartments Llc hold?

Stetson Road Apartments Llc 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 Stetson Road Apartments Llc'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