City of Barnstable Awards Financial Services Contract to 91 Louis Llc (August 2026)

The Town of Barnstable will enter into a Housing Development Incentive Program Tax Increment Exemption Agreement with 91 Louis LLC to support four new market-rate rental units at 91 Louis Street in Hyannis. The six-year agreement provides a phased property tax exemption on the project’s incremental value, in exchange for long-term maintenance of market-rate residential units and increased housing supply downtown.

Scope & details

The full contract record, as filed.

Contract amount

Estimated tax exemption value $19,641.80 over six years on $945,000 incremental assessed value

Contract type

FINANCIAL_SERVICES

Contract term

Six-year TIE term: 50% exemption Years 1–5, 30% exemption Year 6; MRRUs to be maintained at least 20 years

Renewal date

2031-06-30

Renewal

TIE provides a fixed six-year exemption schedule; after the term, full assessed value becomes taxable. MRRUs are to be maintained for at least 20 years; any amendments require written agreement and state approval.

Document type

AgendaPacket

Source document

Town of Barnstable Town Council AgendaPacket 2026-08-20

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Barnstable?

91 Louis Llc was awarded this financial services contract by City of Barnstable, as recorded on August 17, 2026. The contract value is Estimated tax exemption value $19,641.80 over six years on $945,000 incremental assessed value.

How much is the 91 Louis Llc contract with City of Barnstable worth?

The 91 Louis Llc contract with City of Barnstable is valued at Estimated tax exemption value $19,641.80 over six years on $945,000 incremental assessed value, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Barnstable Town Council AgendaPacket 2026-08-20 (AgendaPacket), dated August 17, 2026 from City of Barnstable. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 91 Louis Llc hold?

91 Louis 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 91 Louis Llc's profile

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

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