Coventry Housing Authority Awards Financial Services Contract to Starr Resolute Llc (July 2026)

The Coventry Town Council approved a Tax Stabilization Agreement with Starr Resolute LLC for the multifamily housing project on Assessor’s Plat 14, Lot 1, fixing property tax payments over a 12‑year period in exchange for up to $525,000 in traffic signal reimbursement. The agreement is intended to support housing development while expanding the tax base under a predictable payment schedule.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $525,000 for traffic signal reimbursement; stabilized tax payments per TSA schedule (approx. $10,781,864 over 12 years based on $80M value)

Contract type

FINANCIAL_SERVICES

Contract term

Stabilization Period of 12 years from Construction Completion Date; optional extension after 11th anniversary

Renewal

Agreement runs for 12 years from the Construction Completion Date, with an optional negotiated extension no earlier than the 11th anniversary that may phase in full taxation or adjust stabilized payments.

Document type

AgendaPacket

Source document

Coventry Town Council Agenda Packet 2026-07-28

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Coventry Housing Authority?

Starr Resolute Llc was awarded this financial services contract by Coventry Housing Authority, as recorded on July 28, 2026. The contract value is Not to exceed $525,000 for traffic signal reimbursement; stabilized tax payments per TSA schedule (approx. $10,781,864 over 12 years based on $80M value).

How much is the Starr Resolute Llc contract with Coventry Housing Authority worth?

The Starr Resolute Llc contract with Coventry Housing Authority is valued at Not to exceed $525,000 for traffic signal reimbursement; stabilized tax payments per TSA schedule (approx. $10,781,864 over 12 years based on $80M value), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Coventry Town Council Agenda Packet 2026-07-28 (AgendaPacket), dated July 28, 2026 from Coventry Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Starr Resolute Llc hold?

Starr Resolute 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 Starr Resolute Llc's profile

What is Coventry Housing Authority currently buying?

Explore Coventry Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Coventry Housing Authority's profile