OTHERAMENDED

Amended Development Incentive Approved for Hensiak Holdings

The Village of Cottage Grove approved the first amendment to its development agreement with Hensiak Holdings, LLC, reducing the TIF-based incentive to $454,232 and issuing an amended Municipal Revenue Obligation payable from Excess Tax Increment.

Document date · December 8, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $454,232 (Municipal Revenue Obligation; paid from Excess Tax Increment)
Contract type
OTHER
Contract term
Contingent on project occupancy permit; annual installment payments through TID closure or until full amount paid
Renewal
Amends and replaces prior Municipal Revenue Obligation (May 21, 2025); original agreement from March 4, 2024. Payment continues until full amount is paid or TID closure, whichever is sooner.
Document type
Agenda
Source document
village_board_of_trustees_town_board_of_supervisor.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Cottage Grove village?

Hensiak Holdings Llc was awarded this government contract by Cottage Grove village, as recorded on December 8, 2025. The contract value is Up to $454,232 (Municipal Revenue Obligation; paid from Excess Tax Increment).

How much is the Hensiak Holdings Llc contract with Cottage Grove village worth?

The Hensiak Holdings Llc contract with Cottage Grove village is valued at Up to $454,232 (Municipal Revenue Obligation; paid from Excess Tax Increment).

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in village_board_of_trustees_town_board_of_supervisor.pdf (Agenda), dated December 8, 2025 from Cottage Grove village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hensiak Holdings Llc hold?

Hensiak Holdings 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 Cottage Grove village currently buying?

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