City of Rochester Awards $285,000 Development Assistance Agreement Contract to Restoration Glen (August 2025)
City of RochesterCity · Rochester, MN- Disclosed value
- $285,000
- From agenda
- Approved
- Aug 11, 2025
The 30-second brief
Restoration Glen LLLP awarded $285,000 loan via Development Assistance Agreement funded by pooled TIF increments for a 48-unit affordable housing project, repayable over 30 years from certificate of occupancy.
Restoration Glen holds this development assistance agreement contract with City of Rochester.
Term as filed: 30 years from the date of the certificate of occupancy.
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Contract details
- Contract type
- Development Assistance Agreement
- Amount
- $285,000
- Document date
- August 11, 2025
- Term
- 30 years from the date of the certificate of occupancy
- Vendor
- Restoration Glen
- Agency
- City of Rochester
- Source document
- city-of-rochester-development-assistance-agreement-restoration-glen_e1d.pdf (Agenda)
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Questions about this contract
Who was awarded the development assistance agreement contract by City of Rochester?
Restoration Glen was awarded this development assistance agreement contract by City of Rochester, as recorded on August 11, 2025. The contract value is $285,000.
How much is the Restoration Glen contract with City of Rochester worth?
The Restoration Glen contract with City of Rochester is valued at $285,000, covering development assistance agreement work.
What type of contract is this?
This is a Development Assistance Agreement contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-rochester-development-assistance-agreement-restoration-glen_e1d.pdf (Agenda), dated August 11, 2025 from City of Rochester. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Restoration Glen hold?
Restoration Glen 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 City of Rochester currently buying?
Explore City of Rochester's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.