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City of Westfield city Awards $7,500,000 Lease Agreement Contract to Westfield Redevelopment Authority (August 2025)

City of Westfield city logoCity of Westfield city
Disclosed value
$7,500,000
From resolution
Approved
Aug 18, 2025
Term
20 years

The 30-second brief

What it covers

City of Westfield Redevelopment Commission approves a lease agreement with the City of Westfield Redevelopment Authority for annual lease rental payments at a maximum rate of $7,500,000. The term begins with the issuance of the first series of bonds and ends no more than 20 years later, with payments in semi-annual installments.

Who holds it

Westfield Redevelopment Authority holds this lease agreement contract with City of Westfield city. Its other public contracts on record include work for Hamilton County and City of Westfield.

What happens next

Term as filed: 20 years.

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Contract details

Contract type
Lease Agreement
Amount
$7,500,000
Document date
August 18, 2025
Term
20 years
Vendor
Westfield Redevelopment Authority
Agency
City of Westfield city
Source document
city-of-westfield-redevelopment-commission-resolution-35-2025_c3d.pdf (Resolution)

Westfield Redevelopment Authority's other public contracts

Hamilton County, IndianaWestfield Redevelopment Authority Receives Drain Non-Enforcement · Feb 23, 2026UndisclosedCity of Westfield, MassachusettsCouncil Approves Pre-Development Study Agreement with Redevelopment Authority · Dec 4, 2025UndisclosedCity of Westfield, MassachusettsCity plans funding agreement for riverfront study · Dec 2, 2025UndisclosedCity of Westfield, MassachusettsCity Considers Riverfront Study Agreement With Redevelopment Authority · Nov 20, 2025UndisclosedCity of Westfield city, IndianaWestfield OKs 25-year lease to support $33M bonds · Aug 18, 2025All Westfield Redevelopment Authority contractsVendor profile

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Questions about this contract

Who was awarded the lease agreement contract by City of Westfield city?

Westfield Redevelopment Authority was awarded this lease agreement contract by City of Westfield city, as recorded on August 18, 2025. The contract value is $7,500,000.

How much is the Westfield Redevelopment Authority contract with City of Westfield city worth?

The Westfield Redevelopment Authority contract with City of Westfield city is valued at $7,500,000, covering lease agreement work.

What type of contract is this?

This is a Lease Agreement contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city-of-westfield-redevelopment-commission-resolution-35-2025_c3d.pdf (Resolution), dated August 18, 2025 from City of Westfield city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Westfield Redevelopment Authority hold?

Westfield Redevelopment Authority 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 City of Westfield city currently buying?

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

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