City of Minnetonka Awards $850,000 Tax Increment Financing Contract to Doran Development (August 2025)
City of MinnetonkaCity · Minnetonka, MN- Disclosed value
- $850,000
- From minutes
- Approved
- Aug 11, 2025
- Term
- up to 15 years
The 30-second brief
Contract approved with Doran Development for Marsh Run III redevelopment, with tax increment financing of $850,000 at 5% interest for up to 15 years. The project involves construction of a 44-unit mixed-income apartment complex with 9 affordable units. The contract includes provisions for construction costs, performance on stabilization, and sale.
Doran Development holds this tax increment financing contract with City of Minnetonka.
Term as filed: up to 15 years.
See who signed off on this $850K contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Tax Increment Financing
- Amount
- $850,000
- Document date
- August 11, 2025
- Term
- up to 15 years
- Vendor
- Doran Development
- Agency
- City of Minnetonka
- Source document
- city-of-minnetonka-economic-development-authority-meeting-minutes_579.pdf (Minutes)
Doran Development's other public contracts
More City of Minnetonka contracts
Questions about this contract
Who was awarded the tax increment financing contract by City of Minnetonka?
Doran Development was awarded this tax increment financing contract by City of Minnetonka, as recorded on August 11, 2025. The contract value is $850,000.
How much is the Doran Development contract with City of Minnetonka worth?
The Doran Development contract with City of Minnetonka is valued at $850,000, covering tax increment financing work.
What type of contract is this?
This is a Tax Increment Financing contract, documented as a minutes record.
Where was this contract approved?
This contract appears in city-of-minnetonka-economic-development-authority-meeting-minutes_579.pdf (Minutes), dated August 11, 2025 from City of Minnetonka. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Doran Development hold?
Doran Development 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 Minnetonka currently buying?
Explore City of Minnetonka's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.