Robbinsdale Economic Development Authority Agenda November 2024
Paster Properties Pays Escrow for Redevelopment Review
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Description
Paster Properties paid a $10,000 escrow to cover city legal and professional review of their proposed $50 million redevelopment project at 3900 West Broadway. The escrow reimburses evaluation costs related to TIF or potential financial support.
Contract Details
Contract Amount
$10,000 escrow fee (for legal and professional services)
Vendor
PASTER PROPERTIES
Agency
City of Robbinsdale, MN
Contract Type
PROFESSIONAL_SERVICES
Document Date
November 12, 2024
Renewal Info
Escrow covers professional fee reimbursement during feasibility evaluation. Additional agreements/funding support subject to future approval.
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