Biddeford Discusses Adams Point TIF Amendment
City of BiddefordCity · Biddeford, ME- Disclosed value
- Annual reimbursement capped at $68,791; projected total reimbursement of $1,787,848 over the term
- From agendapacket
- Document date
- Nov 5, 2026
- Term
- July 1, 2022 – June 30, 2052
- Renews
- Free account
The 30-second brief
Biddeford discussed proposed amendments to the Adams Point TIF and credit enhancement agreement with developer Adams Point LP. The amended structure would provide up to $68,791 annually, or approximately $1.79 million over the 30-year term, while increasing the City's share of tax increment revenues.
Adams Point LP holds this contract with City of Biddeford.
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Contract details
- Amount
- Annual reimbursement capped at $68,791; projected total reimbursement of $1,787,848 over the term
- Document date
- November 5, 2026
- Term
- July 1, 2022 – June 30, 2052
- Renews
- On record
- Vendor
- Adams Point LP
- Agency
- City of Biddeford
- Source document
- City of Biddeford AgendaPacket City Council Meeting 2026-11-05 (AgendaPacket)
More City of Biddeford contracts
Questions about this contract
Who was awarded the government contract by City of Biddeford?
Adams Point LP was awarded this government contract by City of Biddeford, as recorded on November 5, 2026. The contract value is Annual reimbursement capped at $68,791; projected total reimbursement of $1,787,848 over the term.
How much is the Adams Point LP contract with City of Biddeford worth?
The Adams Point LP contract with City of Biddeford is valued at Annual reimbursement capped at $68,791; projected total reimbursement of $1,787,848 over the term.
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 Biddeford AgendaPacket City Council Meeting 2026-11-05 (AgendaPacket), dated November 5, 2026 from City of Biddeford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Adams Point LP hold?
Adams Point LP 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 City of Biddeford currently buying?
Explore City of Biddeford's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.