Great Oaks Joins Merchant Street TIF Deal | Princeton City Schools | GREAT OAKS INSTITUTE OF TECHNOLOGY AND CAREER DEVELOPMENT

Great Oaks Joins Merchant Street TIF Deal

Great Oaks Institute of Technology and Career Development joined the City of Springdale and Princeton City School District in a School Compensation Agreement for the Merchant Street TIF. The agreement provides JVSD compensation from service payments in lieu of taxes over the 30‑year TIF period.

Document date · April 26, 2021

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Effective upon execution; in effect for duration of TIF exemption from Tax Year 2022 through Tax Year 2051 (30 years)

Renewal date

2051-12-31

Renewal

Agreement continues as long as the TIF exemptions on the Exempted Property are in effect, anticipated through Tax Year 2051, and may be amended by mutual written agreement to address statutory changes.

Document type

Resolution

Source document

princeton-city-schools-resolution-2021-04-26_511.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Princeton City Schools?

Great Oaks Institute of Technology and Career Development was awarded this financial services contract by Princeton City Schools, as recorded on April 26, 2021.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in princeton-city-schools-resolution-2021-04-26_511.pdf (Resolution), dated April 26, 2021 from Princeton City Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Great Oaks Institute of Technology and Career Development hold?

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