City Recoups Caledonia Spirits Infrastructure Investment

Montpelier's 2017 Development Agreement with Caledonia Spirits, Inc. funded water and sewer upgrades, a public road, and a rail crossing, with costs to be recovered from the company's property tax and utility payments. By February 2023 the City had recouped more than its investment, including $100,000 from the Community Development Fund slated for repayment in FY 2022-2023.

Scope & details

The full contract record, as filed.

Contract amount

$100,000 (Community Development Fund portion of larger infrastructure commitment)

Contract type

OTHER

Contract term

Development Agreement entered July 2017; cost recovery originally projected over ten years, recouped by FY 2022-2023

Renewal

Development Agreement costs were projected to be recovered over ten years but were recouped within approximately five fiscal years; no formal renewal is described.

Document type

Report

Source document

Montpelier Weekly Report February 2023

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Montpelier?

Caledonia Spirits Inc was awarded this government contract by City of Montpelier, as recorded on February 24, 2023. The contract value is $100,000 (Community Development Fund portion of larger infrastructure commitment).

How much is the Caledonia Spirits Inc contract with City of Montpelier worth?

The Caledonia Spirits Inc contract with City of Montpelier is valued at $100,000 (Community Development Fund portion of larger infrastructure commitment).

What type of contract is this?

This is a government contract, documented as a report record.

Where was this contract approved?

This contract appears in Montpelier Weekly Report February 2023 (Report), dated February 24, 2023 from City of Montpelier. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Caledonia Spirits Inc hold?

Caledonia Spirits Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Montpelier currently buying?

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

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