City of Shakopee Awards Construction Contract to Eagle Ventures Llc (July 2026)

The Shakopee Economic Development Authority approved a Contract for Private Redevelopment with Eagle Ventures, LLC for the former Shakopee Gravel Pit site, supported by a Tax Increment Revenue Note not to exceed $44,575,582. The agreement reimburses eligible public redevelopment and infrastructure costs solely from tax increment generated within Soil Deficiency TIF District No. 22 over a multi-phase, nine-year redevelopment.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $44,575,582

Contract type

CONSTRUCTION

Contract term

Approximately nine-year, multi-phase redevelopment; TIF Note payments from August 1, 2031 through February 1, 2051

Renewal date

2051-02-01

Renewal

The Contract for Private Redevelopment terminates on the TIF Note maturity date of February 1, 2051; there is no automatic renewal, and payments cease when Available Tax Increment is exhausted or the note is paid in full.

Document type

AgendaPacket

Source document

Shakopee Economic Development Authority AgendaPacket 2026-07-07

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Shakopee Economic Development Authority AgendaPacket Regular Meeting 2026-08-04

APPROVED

City of Shakopee, MinnesotaAug 4, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Shakopee?

Eagle Ventures Llc was awarded this construction contract by City of Shakopee, as recorded on July 6, 2026. The contract value is Not to exceed $44,575,582.

How much is the Eagle Ventures Llc contract with City of Shakopee worth?

The Eagle Ventures Llc contract with City of Shakopee is valued at Not to exceed $44,575,582, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Shakopee Economic Development Authority AgendaPacket 2026-07-07 (AgendaPacket), dated July 6, 2026 from City of Shakopee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Eagle Ventures Llc hold?

Eagle Ventures 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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What is City of Shakopee currently buying?

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