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Village apartments LLC Receives $677000 for Development

Town of Morse logoTown of Morse
Disclosed value
$677,000
From agenda
Document date
Jul 8, 2025

The 30-second brief

What it covers

Village Apartments LLC is granted a $677000 TIF assistance through a pay-as-you-go agreement. It will be used for construction of 35 unit apartment. Developer required to rent out 20% of the units to person whose income does not exceed 50% of the county median income.

Who holds it

Village Apartments holds this tax increment financing contract with Town of Morse. Its other public contracts on record include work for City of Santa Barbara and City of Lake Henry.

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Contract details

Contract type
Tax Increment Financing
Amount
$677,000
Document date
July 8, 2025
Term
NA
Vendor
Village Apartments
Agency
Town of Morse
Source document
town-of-morse-agenda-2025-07-08_754.pdf (Agenda)

Village Apartments's other public contracts

City of Santa Barbara, CaliforniaCity Considers Amended Affordability Covenant for Village · Feb 24, 2026UndisclosedCity of Lake Henry, MinnesotaVillage Apartments LLC Secures $677K TIF for Development · Jul 15, 2025$677KCity of Quamba, MinnesotaVillage Apartments LLC receives TIF for apartment · Jul 8, 2025$677KTown of Brook Park, MinnesotaTax Abatement Amended for The Village apartments · Jun 17, 2025UndisclosedCity of Pine, MinnesotaThe Village Apartments LLC to Purchase Property for $1.00 · May 21, 2024$1All Village Apartments contractsVendor profile

More Town of Morse contracts

SLCATTown Board Approves Payment to SLCAT · Jan 13, 2026$264.8K2 TowersTown Receives Annual Rent from K2 Towers · Jan 13, 2026$3.4KMorse-fall LakeTown Board Approves $27,000 to Morse-Fall Lake · Jan 13, 2026$27KTNTFuel Reduction Project Near Hospital Assigned to TNT · Dec 8, 2025FRANDSENTown Moves Checking Accounts to Frandsen Bank · Oct 14, 2025UndisclosedAll Town of Morse activityAgency profile

Questions about this contract

Who was awarded the tax increment financing contract by Town of Morse?

Village Apartments was awarded this tax increment financing contract by Town of Morse, as recorded on July 8, 2025. The contract value is $677,000.

How much is the Village Apartments contract with Town of Morse worth?

The Village Apartments contract with Town of Morse is valued at $677,000, covering tax increment financing work.

What type of contract is this?

This is a Tax Increment Financing contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-morse-agenda-2025-07-08_754.pdf (Agenda), dated July 8, 2025 from Town of Morse. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Village Apartments hold?

Village Apartments 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 Town of Morse currently buying?

Explore Town of Morse's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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