City of Fitchburg Awards Financial Services Contract to MASSDEVELOPMENT (July 2026)

The Fitchburg City Council approved Resolution 140-26 setting repayment terms to MassDevelopment for a recoverable grant tied to the 0 Princeton Road site. Under the agreement, any net proceeds from sale, transfer, or refinancing must be used to reimburse MassDevelopment up to the amount of disbursed, unrepaid grant funds.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Resolution specifies that upon sale, transfer, or refinancing of 0 Princeton Rd, the recipient must reimburse MassDevelopment from net proceeds up to the unrepaid portion of the recoverable grant. No explicit renewal or end date is stated.

Document type

Minutes

Source document

City of Fitchburg City Council Minutes 2026-07-07

Related contracts

Other contracts from MASSDEVELOPMENT.

View all →

Plymouth Select Board Agenda Packet 2026-08-04

ONGOING

Town of Plymouth, MassachusettsAug 3, 2026

Gloucester City Council AgendaPacket Budget & Finance Committee Meeting 2026-08-06

AMENDED

City of Gloucester, MassachusettsAdditional technical assistance funding of $17,000 (state-paid), plus prior $50,000 disbursement; city match up to $3,000Aug 3, 2026

Town of Amherst Town Manager Report 2026-07-20

ONGOING

City of Amherst, MassachusettsJul 20, 2026

Town of Belchertown Economic Development and Industrial Corporation Agenda 2026-07-15

DISCUSSED

Town of Belchertown, MassachusettsJul 15, 2026

Town of Eastham Select Board Agenda 2026-07-06

PENDING

Town of Eastham, MassachusettsJul 6, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Fitchburg?

MASSDEVELOPMENT was awarded this financial services contract by City of Fitchburg, as recorded on July 7, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Fitchburg City Council Minutes 2026-07-07 (Minutes), dated July 7, 2026 from City of Fitchburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does MASSDEVELOPMENT hold?

MASSDEVELOPMENT 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 MASSDEVELOPMENT's profile

What is City of Fitchburg currently buying?

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

View City of Fitchburg's profile