City of Newport Awards Financial Services Contract to Track Drive Llc (July 2026)

Newport executed a five-year tax stabilization agreement with Track Drive LLC for the property at 172 Bogner Drive, effective July 1, 2026, providing phased property tax relief to support redevelopment of the formerly blighted site. This agreement reflects the transfer of a prior stabilization from NEKDC to the new owner.

Document date · July 6, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

July 1, 2026 – June 30, 2031

Renewal date

2031-06-30

Renewal

Five-year tax stabilization term beginning July 1, 2026, replacing or continuing the prior NEKDC agreement; any extension beyond June 30, 2031 would require new council approval.

Document type

AgendaPacket

Source document

City of Newport AgendaPacket Regular Council Meeting 2026-07-06

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City of Newport AgendaPacket Regular Council Meeting 2026-07-20

APPROVED

City of Newport, VermontJul 20, 2026

town-of-conklin-agenda-2021-04-13-pdf_b61.pdf

DISCUSSED

Town of Conklin, New YorkApr 13, 2021

town-of-conklin-agenda-2021-04-13_f4c.pdf

DISCUSSED

Town of Conklin, New YorkApr 13, 2021

town-of-conklin-meeting-minutes-2021-03-23-pdf_c99.pdf

PENDING

Town of Conklin, New YorkMar 23, 2021

town-of-conklin-meeting-minutes-2021-03-23_83a.pdf

DISCUSSED

Town of Conklin, New YorkMar 23, 2021

Frequently asked questions

Common questions about this contract, answered from the record.

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

Track Drive Llc was awarded this financial services contract by City of Newport, as recorded on July 6, 2026.

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 City of Newport AgendaPacket Regular Council Meeting 2026-07-06 (AgendaPacket), dated July 6, 2026 from City of Newport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Track Drive Llc hold?

Track Drive 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 Track Drive Llc's profile

What is City of Newport currently buying?

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