Town of Haddam Awards Financial Services Contract to Hes Llc (August 2026)

The Haddam Board of Selectmen approved a 30-year tax abatement for HES, LLC equal to 35% of the property’s appraised value to support redevelopment of the HES building. HES, LLC will manage 36 units of affordable senior housing while the Town occupies the remaining space for municipal and community uses.

Scope & details

The full contract record, as filed.

Contract amount

30-year tax abatement worth 35% of appraised value

Contract type

FINANCIAL_SERVICES

Contract term

30 years

Renewal date

2056-08-10

Renewal

Tax abatement runs for a fixed 30-year term; no renewal or extension options are specified beyond that period.

Document type

Minutes

Source document

Haddam Board of Selectmen Minutes 2026-08-10

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Haddam?

Hes Llc was awarded this financial services contract by Town of Haddam, as recorded on August 10, 2026. The contract value is 30-year tax abatement worth 35% of appraised value.

How much is the Hes Llc contract with Town of Haddam worth?

The Hes Llc contract with Town of Haddam is valued at 30-year tax abatement worth 35% of appraised value, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Haddam Board of Selectmen Minutes 2026-08-10 (Minutes), dated August 10, 2026 from Town of Haddam. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hes Llc hold?

Hes 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.

View Hes Llc's profile

What is Town of Haddam currently buying?

Explore Town of Haddam's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Haddam's profile