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City of Red Wing Awards $275,500 Tif Assistance Agreement Contract to Derosa Capital 19 (February 2025)

City of Red Wing
Disclosed value
$275,500
From contract
Approved
Feb 24, 2025
Term
February 1, 2047

The 30-second brief

What it covers

City of Red Wing approves TIF assistance agreement with DeRosa Capital 19, LLC for Riverfront Building Project. Agreement includes a Taxable Tax Increment Revenue Note of $275,500, payable from Pledged Tax Increments, with a final payment date of February 1, 2047.

Who holds it

Derosa Capital 19 holds this tif assistance agreement contract with City of Red Wing.

What happens next

Term as filed: February 1, 2047.

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Contract details

Contract type
Tif Assistance Agreement
Amount
$275,500
Document date
February 24, 2025
Term
February 1, 2047
Vendor
Derosa Capital 19
Agency
City of Red Wing
Source document
city-of-red-wing-tif-assistance-agreement_810.pdf (Contract)

Derosa Capital 19's other public contracts

City of Red Wing, MinnesotaFinancing Assistance Approved for DeRosa Capital 19 · Apr 14, 2025UndisclosedCity of Red Wing, MinnesotaDeRosa Capital 19 Secures City Financing for Project · Apr 14, 2025UndisclosedCity of Red Wing, MinnesotaRed Wing, DeRosa Capital 19 TIF agreement considered · Apr 14, 2025UndisclosedCity of Red Wing, MinnesotaRed Wing supports DeRosa Capital with financing agreement · Apr 14, 2025UndisclosedCity of Red Wing, MinnesotaHallstrom's Building Renovation Aided with $150K Financing · Apr 14, 2025$150KAll Derosa Capital 19 contractsVendor profile

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Questions about this contract

Who was awarded the tif assistance agreement contract by City of Red Wing?

Derosa Capital 19 was awarded this tif assistance agreement contract by City of Red Wing, as recorded on February 24, 2025. The contract value is $275,500.

How much is the Derosa Capital 19 contract with City of Red Wing worth?

The Derosa Capital 19 contract with City of Red Wing is valued at $275,500, covering tif assistance agreement work.

What type of contract is this?

This is a Tif Assistance Agreement contract, documented as a contract record.

Where was this contract approved?

This contract appears in city-of-red-wing-tif-assistance-agreement_810.pdf (Contract), dated February 24, 2025 from City of Red Wing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Derosa Capital 19 hold?

Derosa Capital 19 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 Red Wing currently buying?

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

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