city-of-quamba-agenda-2025-07-08_82e.pdf
Village Apartments LLC receives TIF for apartment
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Description
Village Apartments LLC receives $677,000 TIF loan from the city, is proposing a 35-unit apartment building at 2055 Dala Lane and is requesting Tax increment Financing (TIF) assistance from the City of Mora.
Contract Details
Contract Amount
$677,000
Vendor
VILLAGE APARTMENTS
Agency
City of Quamba, MN
Contract Type
Loan
Document Date
July 8, 2025
Contract Term
Payable on August 1, 2027, and on each February 1 and August 1 thereafter to and including February 1, 2039
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