Tax Stabilization Agreement Approved For Image Tek Expansion

The Springfield Selectboard approved a tax stabilization agreement with Image Tek Mfg. Inc. to support a major expansion by phasing in personal property taxes on new equipment over ten years. The agreement reduces the initial tax burden and applies a 10% annual step-up for each qualifying equipment purchase.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Ten-year phased schedule per equipment purchase, agreement effective until phase-out of eligible equipment

Renewal

Agreement phases out for each equipment purchase over ten years; subsequent equipment receives its own ten-year phased schedule. No automatic renewal beyond scheduled phase-outs is described.

Document type

AgendaPacket

Source document

Town of Springfield AgendaPacket Regular Selectboard Meeting 2025-11-24

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Town of Springfield Minutes Regular Selectboard Meeting 2025-11-10

APPROVED

Town of Springfield, VermontNov 10, 2025

Springfield Housing Authority Minutes Regular Selectboard Meeting 2025-11-10

APPROVED

Springfield Housing Authority, VermontNov 10, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Springfield Housing Authority?

Image Tek Manufacturing Inc was awarded this government contract by Springfield Housing Authority, as recorded on November 24, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Springfield AgendaPacket Regular Selectboard Meeting 2025-11-24 (AgendaPacket), dated November 24, 2025 from Springfield Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Image Tek Manufacturing Inc hold?

Image Tek Manufacturing 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.

View Image Tek Manufacturing Inc's profile

What is Springfield Housing Authority currently buying?

Explore Springfield Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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