city-of-bloomingtonagenda-2025-06-04_f4e.pdf
Cambridge Square Proposed for $29K PILOT Agreement
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Description
The City of Bloomington is considering a 17-year PILOT agreement with Cambridge Square, setting the base payment at $29,376 annually with a 3% increase to support affordable housing renovations.
Contract Details
Contract Amount
$29,376
Vendor
CAMBRIDGE SQUARE
Agency
City of Bloomington, IN
Contract Type
Payment in Lieu of Taxes (PILOT)
Document Date
June 4, 2025
Contract Term
17 years
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