town-of-enfield-town-council-meeting-minutes-october-6-2025_31f.pdf
Credit Enhancement Deal Approved for 92 Main Street
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Description
The Enfield Town Council approved a Credit Enhancement Agreement with Salas Brothers LLC for redevelopment at 92 Main Street. The agreement will begin in 2026, run up to 10 years, and provide up to $83,428 in tax-increment-based reimbursement contingent on project completion within 36 months.
Contract Details
Contract Amount
Not to exceed $83,428
Vendor
SALAS BROTHERS LLC
Agency
Town of Enfield, CT
Contract Type
FINANCIAL_SERVICES
Document Date
October 6, 2025
Contract Term
Starting in 2026 for a period not to exceed 10 years; developer has up to 36 months from date of signed agreement to complete the project
Renewal Info
Credit Enhancement Agreement tied to TIF revenues for a term not to exceed 10 years; terminates at end of repayment term or upon payment of all amounts due and completion of obligations under the agreement. No automatic renewal stated.
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