Common Contracts
1 similar Tax Stabilization Agreement contracts
Cosmopolitan Building (100 Fountain Street)Tax Stabilization Agreement • January 27th, 2016
The “Cosmopolitan Building” at 100 Fountain Street consists of 2 commercial condominiums and 12 residential condominiums. The original Tax Stabilization Agreement, which stabilized taxes through fiscal year 2013, was approved on April 25, 2002. The expiration date of the stabilized period was extended five years in 2010 by an action of the General Assembly (RIGL 44-3-31.2). The original TSA was approved, as stated in the ordinance, to “…increase in the tax base of the City and will increase residential apartments in the DownCity Arts & Entertainment District”, and “...to induce the development and construction of the apartments in the City.”
