Board Endorses 40-Year Franklin Court PILOT Agreement

The Board endorsed a proposed 40-year Payment in Lieu of Taxes (PILOT) agreement related to the Franklin Court affordable housing redevelopment with Franklin Towers JV Partners L.P. and an HDFC, providing payments equal to 12% of shelter rent to be shared among taxing jurisdictions. District administration and counsel are authorized to finalize the agreement with the Town of Greenburgh and housing partners.

Scope & details

The full contract record, as filed.

Contract amount

PILOT payments equal to 12% of annual shelter rent over 40 years (pro rata share to district)

Contract type

FINANCIAL_SERVICES

Contract term

40 years

Renewal

Initial PILOT term proposed for 40 years; no renewal provisions specified in the resolution.

Document type

Agenda

Source document

Union Free School District Of The Tarrytowns Agenda Regular Meeting 2026-08-13

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Union Free School District Of The Tarrytowns?

Franklin Towers Jv Partners Lp was awarded this financial services contract by Union Free School District Of The Tarrytowns, as recorded on August 13, 2026. The contract value is PILOT payments equal to 12% of annual shelter rent over 40 years (pro rata share to district).

How much is the Franklin Towers Jv Partners Lp contract with Union Free School District Of The Tarrytowns worth?

The Franklin Towers Jv Partners Lp contract with Union Free School District Of The Tarrytowns is valued at PILOT payments equal to 12% of annual shelter rent over 40 years (pro rata share to district), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Union Free School District Of The Tarrytowns Agenda Regular Meeting 2026-08-13 (Agenda), dated August 13, 2026 from Union Free School District Of The Tarrytowns. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Franklin Towers Jv Partners Lp hold?

Franklin Towers Jv Partners Lp 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 Franklin Towers Jv Partners Lp's profile

What is Union Free School District Of The Tarrytowns currently buying?

Explore Union Free School District Of The Tarrytowns's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Union Free School District Of The Tarrytowns's profile