EDA Approves $7.6M TIF-Backed Redevelopment Agreement with Alatus
City of Columbia HeightsCity · Columbia Heights, MN- Disclosed value
- Approximately $7,635,000 in permanent TIF bonds (Series 2026A); $10,000 deposit for EDA administrative costs; Developer investment of at least $5,799,752 (net certain reimbursements)
- From agenda
- Approved
- Jan 12, 2026
- Renews
- Free account
The 30-second brief
The Columbia Heights Economic Development Authority approved a Development Assistance Agreement with Alatus Columbia Heights II LLC for the 4300 Central redevelopment. The agreement includes $7.635M in permanent Series 2026A TIF bonds and mandates developer milestones, risk safeguards, and a minimum property assessment. The contract term extends through the expected TIF bond maturity in 2050, supporting a multi-phase housing and commercial project.
Alatus Columbia Heights Ii LLC holds this contract with City of Columbia Heights.
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Contract details
- Amount
- Approximately $7,635,000 in permanent TIF bonds (Series 2026A); $10,000 deposit for EDA administrative costs; Developer investment of at least $5,799,752 (net certain reimbursements)
- Document date
- January 12, 2026
- Term
- Series 2026A TIF Bonds: January 27, 2026 – February 1, 2050 (final maturity stated); Minimum Assessment Agreement effective until TIF bonds paid or district terminated; Construction deadlines for Phase 1: commence by September 1, 2027, substantially complete by December 31, 2030
- Renews
- Free account
- Agency
- City of Columbia Heights
- Source document
- special_economic_development_authority_meeting_age.pdf (Agenda)
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Questions about this contract
Who was awarded the government contract by City of Columbia Heights?
Alatus Columbia Heights Ii LLC was awarded this government contract by City of Columbia Heights, as recorded on January 12, 2026. The contract value is Approximately $7,635,000 in permanent TIF bonds (Series 2026A); $10,000 deposit for EDA administrative costs; Developer investment of at least $5,799,752 (net certain reimbursements).
How much is the Alatus Columbia Heights Ii LLC contract with City of Columbia Heights worth?
The Alatus Columbia Heights Ii LLC contract with City of Columbia Heights is valued at Approximately $7,635,000 in permanent TIF bonds (Series 2026A); $10,000 deposit for EDA administrative costs; Developer investment of at least $5,799,752 (net certain reimbursements).
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in special_economic_development_authority_meeting_age.pdf (Agenda), dated January 12, 2026 from City of Columbia Heights. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Alatus Columbia Heights Ii LLC hold?
Alatus Columbia Heights Ii 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 Columbia Heights currently buying?
Explore City of Columbia Heights's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.