Council Approves 7-Year Tax Abatement for Project Fin
Town of South WindsorCity · South Windsor, CT- Disclosed value
- Tax abatement on property assessed at estimated $71,000,000 construction cost
- From meeting minutes
- Approved
- Apr 15, 2024
- Renews
- Free account
The 30-second brief
The South Windsor Town Council approved a 7-year tax abatement agreement for Project Fin, conditioned on a $71 million investment and 210 new jobs at 50 Talbot Lane. The agreement, recommended by the Economic Development Commission, incentivizes significant upgrades and expansion of the facility. If Project Fin fails to meet the conditions, tax benefits must be refunded to the Town.
Project Fin holds this contract with Town of South Windsor. Its other public contracts on record include work for South Windsor Housing Authority.
The renewal date is on record. A free account shows it, with the renewals for every Town of South Windsor contract.
Know when this contract comes back up.
See the renewal dateFree account · 30-second setup · No credit card
Contract details
- Amount
- Tax abatement on property assessed at estimated $71,000,000 construction cost
- Document date
- April 15, 2024
- Term
- 7 years, commencing with the Grand List Following the date the Certificate of Occupancy of the Property
- Renews
- Free account
- Vendor
- Project Fin
- Agency
- Town of South Windsor
- Source document
- town-of-south-windsormeeting-minutes2024-04-15_a4e.txt (Meeting Minutes)
Project Fin's other public contracts
More Town of South Windsor contracts
Questions about this contract
Who was awarded the government contract by Town of South Windsor?
Project Fin was awarded this government contract by Town of South Windsor, as recorded on April 15, 2024. The contract value is Tax abatement on property assessed at estimated $71,000,000 construction cost.
How much is the Project Fin contract with Town of South Windsor worth?
The Project Fin contract with Town of South Windsor is valued at Tax abatement on property assessed at estimated $71,000,000 construction cost.
What type of contract is this?
This is a government contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in town-of-south-windsormeeting-minutes2024-04-15_a4e.txt (Meeting Minutes), dated April 15, 2024 from Town of South Windsor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Project Fin hold?
Project Fin 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 Town of South Windsor currently buying?
Explore Town of South Windsor's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.