Town of Needham Awards Financial Services Contract to TRIPADVISOR (March 2022)
Town of NeedhamCity · Needham, MA- Disclosed value
- $18,776 (1% exemption FY2022); $17,543 (1% exemption FY2021); over $2.1 million real estate tax per year plus approx. $300,000 personal property tax
- From minutes
- Approved
- Mar 22, 2022
The 30-second brief
The Select Board authorized the Town Manager to execute a Forbearance Agreement with TripAdvisor concerning its existing tax increment financing agreement. The arrangement maintains TripAdvisor’s full tax payment obligations while addressing job creation shortfalls, with the company continuing to pay over $2.1 million annually in real estate taxes plus personal property taxes.
TRIPADVISOR holds this financial services contract with Town of Needham. Its other public contracts on record include work for City of Palm Desert and Monterey Public Library.
Term as filed: Tax years 2021 and 2022 referenced; TIF agreement previously approved and amended in May 2013.
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Contract details
- Contract type
- Financial Services
- Amount
- $18,776 (1% exemption FY2022); $17,543 (1% exemption FY2021); over $2.1 million real estate tax per year plus approx. $300,000 personal property tax
- Document date
- March 22, 2022
- Term
- Tax years 2021 and 2022 referenced; TIF agreement previously approved and amended in May 2013
- Vendor
- TRIPADVISOR
- Agency
- Town of Needham
- Source document
- Town of Needham Select Board Minutes March 22, 2022 (Minutes)
TRIPADVISOR's other public contracts
More Town of Needham contracts
Questions about this contract
Who was awarded the financial services contract by Town of Needham?
TRIPADVISOR was awarded this financial services contract by Town of Needham, as recorded on March 22, 2022. The contract value is $18,776 (1% exemption FY2022); $17,543 (1% exemption FY2021); over $2.1 million real estate tax per year plus approx. $300,000 personal property tax.
How much is the TRIPADVISOR contract with Town of Needham worth?
The TRIPADVISOR contract with Town of Needham is valued at $18,776 (1% exemption FY2022); $17,543 (1% exemption FY2021); over $2.1 million real estate tax per year plus approx. $300,000 personal property tax, 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 Town of Needham Select Board Minutes March 22, 2022 (Minutes), dated March 22, 2022 from Town of Needham. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does TRIPADVISOR hold?
TRIPADVISOR 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 Town of Needham currently buying?
Explore Town of Needham's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.