City of McGrath Awards $460,000 Tax Increment Financing Contract to L2C (February 2022)
City of McGrathCity · MN- Disclosed value
- $460,000
- From agenda
- Approved
- Feb 22, 2022
- Term
- 12 years
The 30-second brief
L2C LLC has applied for Tax Increment Financing to develop two, 24-unit workforce apartment buildings. The tax increment is proposed to be $460,000 over 12 years.
L2C holds this tax increment financing contract with City of McGrath. Its other public contracts on record include work for Town of Marshall and City of Marshall.
Term as filed: 12 years.
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Contract details
- Contract type
- Tax Increment Financing
- Amount
- $460,000
- Document date
- February 22, 2022
- Term
- 12 years
- Vendor
- L2C
- Agency
- City of McGrath
- Source document
- city-of-marshall-agenda-2022-02-22_911.pdf (Agenda)
L2C's other public contracts
More City of McGrath contracts
Questions about this contract
Who was awarded the tax increment financing contract by City of McGrath?
L2C was awarded this tax increment financing contract by City of McGrath, as recorded on February 22, 2022. The contract value is $460,000.
How much is the L2C contract with City of McGrath worth?
The L2C contract with City of McGrath is valued at $460,000, covering tax increment financing work.
What type of contract is this?
This is a Tax Increment Financing contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-marshall-agenda-2022-02-22_911.pdf (Agenda), dated February 22, 2022 from City of McGrath. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does L2C hold?
L2C 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 McGrath currently buying?
Explore City of McGrath's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.