Sanford Spinning Mills LLC Seeks Tax Breaks for Housing Project
Town of Fall RiverCity · KS- Disclosed value
- $28,000,000
- From agenda
- Document date
- Nov 14, 2023
- Term
- 10 years
The 30-second brief
Sanford Spinning Mills LLC proposes a $28 million project to rehabilitate mill property into 93 market-rate residential units. The TIE agreement offers an 80% real estate tax savings for the first five years and 20% for the subsequent five years.
Sanford Spinning Mills holds this tax increment exemption contract with Town of Fall River. Its other public contracts on record include work for City of Fall River and Fall River village.
Term as filed: 10 years.
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Contract details
- Contract type
- Tax Increment Exemption
- Amount
- $28,000,000
- Document date
- November 14, 2023
- Term
- 10 years
- Vendor
- Sanford Spinning Mills
- Agency
- Town of Fall River
- Source document
- city-of-fall-river-city-council-meeting-agenda-november-14-2023_453.pdf (Agenda)
Sanford Spinning Mills's other public contracts
More Town of Fall River contracts
Questions about this contract
Who was awarded the tax increment exemption contract by Town of Fall River?
Sanford Spinning Mills was awarded this tax increment exemption contract by Town of Fall River, as recorded on November 14, 2023. The contract value is $28,000,000.
How much is the Sanford Spinning Mills contract with Town of Fall River worth?
The Sanford Spinning Mills contract with Town of Fall River is valued at $28,000,000, covering tax increment exemption work.
What type of contract is this?
This is a Tax Increment Exemption contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-fall-river-city-council-meeting-agenda-november-14-2023_453.pdf (Agenda), dated November 14, 2023 from Town of Fall River. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sanford Spinning Mills hold?
Sanford Spinning Mills 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 Fall River currently buying?
Explore Town of Fall River's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.