City of White Plains Awards $30,000 Tax Abatement Contract to 60 S Kensico Housing Development Fund (March 2025)
City of White PlainsCity · White Plains, NY- Disclosed value
- $30,000
- From resolution
- Approved
- Mar 3, 2025
- Term
- 40 years
The 30-second brief
The city of White Plains grants a full tax abatement agreement to 60 S Kensico Housing Development Fund Company for forty years from City, County and School District taxes, exclusive of taxes for assessments for local improvements and special districts, provided that the HDFC shall make annual payments in lieu of taxes ("PILOT") equal to $30,000 for the first year of the agreement after issuance of a temporary or final certificate of occupancy, which amount shall be increased by 3% per annum for a term of 40 years, which payment shall be reduced by the amount of tax payments made in such year to any special district or special taxing jurisdiction.
60 S Kensico Housing Development Fund holds this tax abatement contract with City of White Plains. Its other public contracts on record include work for White Plains Housing Authority.
Term as filed: 40 years.
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Contract details
- Contract type
- Tax Abatement
- Amount
- $30,000
- Document date
- March 3, 2025
- Term
- 40 years
- Agency
- City of White Plains
- Source document
- city-of-white-plains-resolution-2025-03-03_5b7.pdf (Resolution)
60 S Kensico Housing Development Fund's other public contracts
More City of White Plains contracts
Questions about this contract
Who was awarded the tax abatement contract by City of White Plains?
60 S Kensico Housing Development Fund was awarded this tax abatement contract by City of White Plains, as recorded on March 3, 2025. The contract value is $30,000.
How much is the 60 S Kensico Housing Development Fund contract with City of White Plains worth?
The 60 S Kensico Housing Development Fund contract with City of White Plains is valued at $30,000, covering tax abatement work.
What type of contract is this?
This is a Tax Abatement contract, documented as a resolution record.
Where was this contract approved?
This contract appears in city-of-white-plains-resolution-2025-03-03_5b7.pdf (Resolution), dated March 3, 2025 from City of White Plains. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does 60 S Kensico Housing Development Fund hold?
60 S Kensico Housing Development Fund may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of White Plains currently buying?
Explore City of White Plains's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.