Newburgh Proposes 30-Year One Lafayette PILOT Agreement | City of Newburgh | ONE LAFAYETTE HOUSING DEVELOPMENT FUND CORPORATION

Scope & details

The full contract record, as filed.

Contract amount

Annual PILOT beginning at $108,750.00 for the first taxable year, increasing 3% annually

Contract type

OTHER

Contract term

30 years measured from the City's first taxable status date following issuance of a permanent certificate of occupancy

Renewal

The agreement provides a 30-year tax exemption and PILOT schedule; it may be amended or terminated only by written instrument executed by the parties, subject to default and compliance provisions.

Document type

AgendaPacket

Source document

City of Newburgh AgendaPacket Council Work Session September 24, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Newburgh?

One Lafayette Housing Development Fund Corporation was awarded this government contract by City of Newburgh, as recorded on September 22, 2026. The contract value is Annual PILOT beginning at $108,750.00 for the first taxable year, increasing 3% annually.

How much is the One Lafayette Housing Development Fund Corporation contract with City of Newburgh worth?

The One Lafayette Housing Development Fund Corporation contract with City of Newburgh is valued at Annual PILOT beginning at $108,750.00 for the first taxable year, increasing 3% annually.

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 Newburgh AgendaPacket Council Work Session September 24, 2026 (AgendaPacket), dated September 22, 2026 from City of Newburgh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does One Lafayette Housing Development Fund Corporation hold?

One Lafayette Housing Development Fund Corporation 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 One Lafayette Housing Development Fund Corporation's profile

What is City of Newburgh currently buying?

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