OTHERAPPROVED

Auburn Authorizes $4 Million Stetson Road TIF Agreement

Auburn authorized a Credit Enhancement Agreement with Stetson Road Apartments, LLC to support construction of 160 rental housing units. The agreement may reimburse 50% of property taxes on captured assessed value for up to 30 years, capped at $4 million.

Document date · September 8, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
50% of property taxes paid on Captured Assessed Value, up to a cumulative total reimbursement of $4,000,000
Contract type
OTHER
Contract term
Up to 30 years; July 1, 2026 – June 30, 2056
Renewal date
2056-06-30
Renewal
Agreement may run for up to the 30-year TIF district term; no renewal or extension option stated.
Document type
AgendaPacket
Source document
City of Auburn AgendaPacket Council Workshop and Meeting September 8, 2026

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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 50% of property taxes paid on Captured Assessed Value, up to a cumulative total reimbursement of $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 50% of property taxes paid on Captured Assessed Value, up to a cumulative total reimbursement of $4,000,000.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Auburn AgendaPacket Council Workshop and Meeting September 8, 2026 (AgendaPacket), 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.

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