CONTRACTAPPROVED

City of Biddeford Awards Financial Services Contract to Forest Green (June 2025)

Approved: Jun 17, 2025

What it covers

The Biddeford City Council unanimously approved a development agreement with Forest Green that includes a 30-year Tax Increment Financing credit enhancement for sewer contributions, providing a 75% annual reimbursement. The agreement supports an affordable housing project contingent on state housing funding and restricts transfer of the credit enhancement without Council approval.

Who holds it

Forest Green holds this financial services contract with City of Biddeford. Its other public contracts on record include work for City of Mulberry and Rural Municipality of Corman Park No. 344.

What happens next

Term as filed: 30-year Credit Enhancement Agreement with 75% annual reimbursement.

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Contract details

Contract type: Financial Services
Document date: June 17, 2025
Term: 30-year Credit Enhancement Agreement with 75% annual reimbursement
Vendor: Forest Green
Agency: City of Biddeford
Source document: city-of-biddeford-city-council-meeting-minutes-june-17-2025_b71.pdf (Minutes)

Forest Green's other public contracts

City of Mulberry, ArkansasForest Green Submits Ninth Street Paving Bid · Apr 21, 2026$50K Rural Municipality of Corman Park No. 344, CanadaDiscussion Planned for Criminal Record Check Services with Forest Green · Jan 28, 2026Undisclosed City of Biddeford, MaineForest Green Agreement contingent on housing funding · Jul 1, 2025Undisclosed City of Biddeford, MaineForest Green Development Agreement Approved with Contingencies · Jul 1, 2025Undisclosed City of Biddeford, MaineCouncil Amends Forest Green Development Agreement Terms · Jul 1, 2025Undisclosed All Forest Green contractsVendor profile

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Questions about this contract

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

Forest Green was awarded this financial services contract by City of Biddeford, as recorded on June 17, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-biddeford-city-council-meeting-minutes-june-17-2025_b71.pdf (Minutes), dated June 17, 2025 from City of Biddeford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Forest Green hold?

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

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