City of Hermantown Awards Construction Contract to Ktj 360 Llc (October 2025)

HEDA approved a consent confirming KTJ 360, LLC’s ongoing obligations under the existing development contract for the Pillars of Hermantown senior living project while allowing assignment of the contract to a new owner. The consent facilitates project refinancing without releasing the original developer from its commitments to the City and HEDA.

Document date · October 23, 2025

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Scope & details

The full contract record, as filed.

Contract type

CONSTRUCTION

Contract term

Original development contract dated May 5, 2020; development contract dated July 8, 2022; consent effective as of a date in 2025

Renewal

The consent confirms that assignment of the development contract to Pillars of Hermantown LLC does not relieve KTJ 360, LLC of any obligations; the development contract itself has been amended and remains in force per its own terms.

Document type

Resolution

Source document

heda_resolution_2025_12h_approve_loan_agreement.pdf

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APPROVED

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Hermantown?

Ktj 360 Llc was awarded this construction contract by City of Hermantown, as recorded on October 23, 2025.

What type of contract is this?

This is a Construction contract, documented as a resolution record.

Where was this contract approved?

This contract appears in heda_resolution_2025_12h_approve_loan_agreement.pdf (Resolution), dated October 23, 2025 from City of Hermantown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ktj 360 Llc hold?

Ktj 360 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.

View Ktj 360 Llc's profile

What is City of Hermantown currently buying?

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