OTHERPENDING

Kentwood Plans Tamarisk Apartments PILOT Assignment

Kentwood staff recommended adding a second amendment to the Tamarisk Apartments PILOT Agreement to the October 20, 2026 consent agenda. The amendment would reassign the agreement to Tamarisk Apartments Owner Limited Dividend Housing Association LLC after the proposed acquisition by Brookfield Asset Management and Tredway, while preserving the property's affordable-housing requirements through December 31, 2034.

Document date · October 12, 2026

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Derivita logo
Comcate logo
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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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TerraCycle logo
Cyvl logo
WithersRavenel logo
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Scope & details

The full contract record, as filed.

Contract amount
Annual payment in lieu of taxes equal to 6% of annual shelter rents for the preceding calendar year, less charges for gas, electricity, heat, or public utilities furnished to occupants; additional annual administrative fee equal to 1% of the PILOT payment
Contract type
OTHER
Contract term
Proposed assignment in the fourth quarter of 2026; agreement would continue through the applicable HAP contract, currently through December 31, 2034
Renewal date
2034-12-31
Renewal
Proposed amendment would reassign the existing PILOT Agreement to the new ownership entity; the agreement continues for the duration of the applicable HAP contract, not to exceed December 31, 2034.
Document type
AgendaPacket
Source document
City of Kentwood AgendaPacket Committee of the Whole Worksession 2026-10-12

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Kentwood?

Tamarisk Apartments Owner Limited Dividend Housing Association Llc was awarded this government contract by City of Kentwood, as recorded on October 12, 2026. The contract value is Annual payment in lieu of taxes equal to 6% of annual shelter rents for the preceding calendar year, less charges for gas, electricity, heat, or public utilities furnished to occupants; additional annual administrative fee equal to 1% of the PILOT payment.

How much is the Tamarisk Apartments Owner Limited Dividend Housing Association Llc contract with City of Kentwood worth?

The Tamarisk Apartments Owner Limited Dividend Housing Association Llc contract with City of Kentwood is valued at Annual payment in lieu of taxes equal to 6% of annual shelter rents for the preceding calendar year, less charges for gas, electricity, heat, or public utilities furnished to occupants; additional annual administrative fee equal to 1% of the PILOT payment.

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 Kentwood AgendaPacket Committee of the Whole Worksession 2026-10-12 (AgendaPacket), dated October 12, 2026 from City of Kentwood. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tamarisk Apartments Owner Limited Dividend Housing Association Llc hold?

Tamarisk Apartments Owner Limited Dividend Housing Association 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 Tamarisk Apartments Owner Limited Dividend Housing Association Llc's profile

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