Payment in Lieu of Taxes (PILOT)pending

Cambridge Square Proposed for $29K PILOT Agreement

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.

Status
pending
Document date
June 4, 2025
Contract type
Payment in Lieu of Taxes (PILOT)
Vendor
Cambridge Square
Agency
City of Bloomington · IN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$29,376
Contract type
Payment in Lieu of Taxes (PILOT)
Contract term
17 years
Document type
Agenda
Source document
city-of-bloomingtonagenda-2025-06-04_f4e.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the payment in lieu of taxes (pilot) contract by City of Bloomington?

Cambridge Square was awarded this payment in lieu of taxes (pilot) contract by City of Bloomington, as recorded on June 4, 2025. The contract value is $29,376.

How much is the Cambridge Square contract with City of Bloomington worth?

The Cambridge Square contract with City of Bloomington is valued at $29,376, covering payment in lieu of taxes (pilot) work.

What type of contract is this?

This is a Payment In Lieu Of Taxes (Pilot) contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-bloomingtonagenda-2025-06-04_f4e.pdf (Agenda), dated June 4, 2025 from City of Bloomington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cambridge Square hold?

Cambridge Square 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 Cambridge Square's profile

What is City of Bloomington currently buying?

Explore City of Bloomington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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