Tax increment financingpending

Village Apartments LLC Secures $677K TIF for Development

The Village Apartments LLC project is set to receive a maximum of $677,000 in tax increment financing assistance over 12 years, provided they rent at least 20% of their 35 units to individuals earning no more than 50% of the County median income.

Status
pending
Document date
July 15, 2025
Contract type
Tax increment financing
Vendor
Village Apartments
Agency
City of Lake Henry · MN

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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
$677,000
Contract type
Tax increment financing
Contract term
12 years
Document type
Agenda
Source document
city-of-lake-henry-city-council-agenda-village-apartments-tif-airport-roof-july-15-2025_c7f.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the tax increment financing contract by City of Lake Henry?

Village Apartments was awarded this tax increment financing contract by City of Lake Henry, as recorded on July 15, 2025. The contract value is $677,000.

How much is the Village Apartments contract with City of Lake Henry worth?

The Village Apartments contract with City of Lake Henry 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 city-of-lake-henry-city-council-agenda-village-apartments-tif-airport-roof-july-15-2025_c7f.pdf (Agenda), dated July 15, 2025 from City of Lake Henry. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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.

View Village Apartments's profile

What is City of Lake Henry currently buying?

Explore City of Lake Henry's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Lake Henry's profile

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