TIF Compensation Agreement with Orange Village Ongoing
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Description
Orange City School District continues to receive payments under its 30-year TIF Compensation Agreement with Orange Village for the Pinecrest development, with annual revenues of about $1 million from PILOT and income tax sharing.
Contract Details
Contract Amount
30-year tax increment financing (TIF) compensation agreement; approximately $1 million per year (actual revenues vary)
Vendor
ORANGE VILLAGE
Agency
Orange School District, MA
Contract Type
FINANCIAL_SERVICES
Document Date
February 1, 2026
Contract Term
2015-2045 (30 years)
Renewal Date
2045-04-01
Renewal Info
Agreement runs 2015-2045; first payments remitted in 2019. Residential phase pending further development.
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