EDA approves assignment of Building 5 TIF agreements

The Maple Grove Economic Development Authority authorized the assignment of its existing Development Agreement and $396,618 Tax Increment Revenue Note for Building 5 from Arbor Lakes 2 Industrial Owner, LLC to a new ownership entity. The resolution approves execution of the Assignment and Assumption of TIF Agreements related to the Arbor Lakes Business Park project.

Scope & details

The full contract record, as filed.

Contract amount

$396,618 TIF Note principal

Contract type

FINANCIAL_SERVICES

Renewal date

2027-02-01

Renewal

TIF Note (Arbor Lakes Building 5 Project) was issued April 7, 2026; estimated to be paid in full on February 1, 2027 based on current projections.

Document type

AgendaPacket

Source document

Maple Grove Economic Development Authority AgendaPacket Regular Meeting 2026-08-03

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Maple Grove Economic Development Authority AgendaPacket Regular Meeting 2026-08-03

AMENDED

City of Maple Grove, Minnesota$239,500 amended TIF Note principalAug 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Maple Grove?

Arbor Lakes 2 Industrial Owner Llc was awarded this financial services contract by City of Maple Grove, as recorded on August 3, 2026. The contract value is $396,618 TIF Note principal.

How much is the Arbor Lakes 2 Industrial Owner Llc contract with City of Maple Grove worth?

The Arbor Lakes 2 Industrial Owner Llc contract with City of Maple Grove is valued at $396,618 TIF Note principal, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Maple Grove Economic Development Authority AgendaPacket Regular Meeting 2026-08-03 (AgendaPacket), dated August 3, 2026 from City of Maple Grove. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Arbor Lakes 2 Industrial Owner Llc hold?

Arbor Lakes 2 Industrial Owner 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.

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