Barnstable considers Tax agreement with Nile Morin
City of BarnstableCity · Hyannis, MA- Document date
- May 15, 2025
- Term
- 15 years
The 30-second brief
Town of Barnstable is considering a Tax Increment Exemption Agreement with Nile Morin, Inc. for 9 new market rate residential rental units. The agreement includes a 100% tax exemption for years 1-5, 75% for years 6-10, and 50% for years 11-15 on an increased value of $2,353,858.00. The total estimated value of the TIE is $220,097.08.
Nile Morin holds this tax increment exemption contract with City of Barnstable.
Term as filed: 15 years.
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Contract details
- Contract type
- Tax Increment Exemption
- Document date
- May 15, 2025
- Term
- 15 years
- Vendor
- Nile Morin
- Agency
- City of Barnstable
- Source document
- city-of-barnstable-town-council-meeting-agenda-may-15-2025_c95.pdf (Agenda)
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Questions about this contract
Who was awarded the tax increment exemption contract by City of Barnstable?
Nile Morin was awarded this tax increment exemption contract by City of Barnstable, as recorded on May 15, 2025.
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-barnstable-town-council-meeting-agenda-may-15-2025_c95.pdf (Agenda), dated May 15, 2025 from City of Barnstable. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Nile Morin hold?
Nile Morin 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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