FINANCIAL_SERVICESAPPROVED

Town of Superior charter Awards Financial Services Contract to Elmington Affordable Llc (July 2026)

The Charter Township of Superior approved Ordinance No. 204 creating a payment-in-lieu-of-taxes agreement with Elmington Affordable, LLC for the Timber Creek low-income multifamily housing development. Elmington Affordable will pay an annual service charge equal to 4% of shelter rents, adjusted annually, in place of property taxes for the duration of the project’s affordability restrictions.

Document date · July 20, 2026

Track Town of Superior charter contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Town of Superior charter.

Get started free

Create a free account · no credit card

Trusted by 200+ enterprise customers and 1,000+ teams on the free plan

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
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 type
FINANCIAL_SERVICES
Contract term
For as long as the Housing Development remains subject to income and use restrictions imposed by HUD, Section 42 of the LIHTC program, or MSHDA
Renewal
Ordinance states it will remain in effect as long as the housing development is subject to income and use restrictions imposed by HUD, LIHTC Section 42, or MSHDA; the Township reserves the right to repeal in accordance with the Act. The PILOT continues automatically upon any sale, transfer, or refinancing, provided the Township consents to a sale, which consent shall not be unreasonably withheld.
Document type
Minutes
Source document
Charter Township of Superior Board Regular Meeting Minutes 2026-07-20

Related contracts

Other contracts from Elmington Affordable Llc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Superior charter?

Elmington Affordable Llc was awarded this financial services contract by Town of Superior charter, as recorded on July 20, 2026.

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 Charter Township of Superior Board Regular Meeting Minutes 2026-07-20 (Minutes), dated July 20, 2026 from Town of Superior charter. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Elmington Affordable Llc hold?

Elmington Affordable 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 Elmington Affordable Llc's profile

What is Town of Superior charter currently buying?

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

View Town of Superior charter's profile