PROFESSIONAL_SERVICESPENDING

Beacon Development LLC Eligible for Capital Transaction Fee

The proposed Highlands development agreement would pay Beacon Communities Development LLC a capital transaction administrative fee if the project is sold or refinanced. The fee would equal 3% of gross proceeds and would be separate from brokerage or mortgage origination fees.

Document date · September 16, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
3% of gross proceeds from any sale or refinancing
Contract type
PROFESSIONAL_SERVICES
Contract term
Applicable upon a future sale or refinancing of the Project
Renewal
This is a contingent fee arrangement tied to a future sale or refinancing; no renewal terms are stated.
Document type
AgendaPacket
Source document
Salem Housing Authority AgendaPacket Special Board Meeting 2026-09-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Salem Housing Authority?

Beacon Communities Development Llc was awarded this professional services contract by Salem Housing Authority, as recorded on September 16, 2026. The contract value is 3% of gross proceeds from any sale or refinancing.

How much is the Beacon Communities Development Llc contract with Salem Housing Authority worth?

The Beacon Communities Development Llc contract with Salem Housing Authority is valued at 3% of gross proceeds from any sale or refinancing, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Salem Housing Authority AgendaPacket Special Board Meeting 2026-09-16 (AgendaPacket), dated September 16, 2026 from Salem Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Beacon Communities Development Llc hold?

Beacon Communities Development Llc 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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