CONTRACTAPPROVED

City of Shoreview Awards Development Agreement / Tax Increment Financing Contract to Enclave Shoreview Rice Street LLC (November 2025)

Disclosed value: $9,800,000 (maximum TIF reimbursement); From agenda
Approved: Nov 3, 2025
Term: November 1, 2025 – February 1, 2054

What it covers

Enclave Shoreview Rice Street, LLC approved for up to $9.8M TIF reimbursement for Krew Apartments redevelopment; purchase agreement closing extended to December 12, 2025.

Who holds it

Enclave Shoreview Rice Street LLC holds this development agreement / tax increment financing contract with City of Shoreview.

What happens next

Term as filed: November 1, 2025 – February 1, 2054.

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Contract details

Contract type: Development Agreement / Tax Increment Financing
Amount: $9,800,000 (maximum TIF reimbursement)
Document date: November 3, 2025
Term: November 1, 2025 – February 1, 2054
Vendor: Enclave Shoreview Rice Street LLC
Agency: City of Shoreview
Source document: city_of_shoreview_city_council_agenda_november_3_2.pdf (Agenda)

Enclave Shoreview Rice Street LLC's other public contracts

City of Shoreview, MinnesotaGap Financing Disbursed to Enclave Shoreview Rice Street LLC · Aug 3, 2026142,485.00 City of Shoreview, MinnesotaNinth Amendment for The Krew Project Approved · Mar 16, 2026Undisclosed City of Shoreview, MinnesotaNinth Amendment to Purchase Agreement with Enclave Shoreview Rice Street LLC Approved · Mar 15, 2026Undisclosed City of Shoreview, MinnesotaEighth Amendment to Enclave Purchase Agreement Approved · Jan 20, 2026Undisclosed City of Shoreview, MinnesotaCity Extends Krew Project Closing, Earnest Money Increased · Jan 20, 2026 All Enclave Shoreview Rice Street LLC contractsVendor profile

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Questions about this contract

Who was awarded the development agreement / tax increment financing contract by City of Shoreview?

Enclave Shoreview Rice Street LLC was awarded this development agreement / tax increment financing contract by City of Shoreview, as recorded on November 3, 2025. The contract value is $9,800,000 (maximum TIF reimbursement).

How much is the Enclave Shoreview Rice Street LLC contract with City of Shoreview worth?

The Enclave Shoreview Rice Street LLC contract with City of Shoreview is valued at $9,800,000 (maximum TIF reimbursement), covering development agreement / tax increment financing work.

What type of contract is this?

This is a Development Agreement / Tax Increment Financing contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_of_shoreview_city_council_agenda_november_3_2.pdf (Agenda), dated November 3, 2025 from City of Shoreview. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Enclave Shoreview Rice Street LLC hold?

Enclave Shoreview Rice Street 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.

What is City of Shoreview currently buying?

Explore City of Shoreview's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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