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Hallstrom's Building Renovation Aided with $150K Financing

City of Red Wing
Disclosed value
$150,000
From agenda
Document date
Apr 14, 2025
Term
20 years

The 30-second brief

What it covers

The City of Red Wing reviews a $150,000 tax increment financing assistance for DeRosa Capital 19, LLC, to renovate Hallstrom's Building, adding residential units to the second floor and updating commercial space, spanning 20 years.

Who holds it

Derosa Capital 19 holds this tax increment financing contract with City of Red Wing.

What happens next

Term as filed: 20 years.

See who signed off on this $150K contract.

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Contract details

Contract type
Tax Increment Financing
Amount
$150,000
Document date
April 14, 2025
Term
20 years
Vendor
Derosa Capital 19
Agency
City of Red Wing
Source document
city-of-red-wing-2025-city-council-meeting-staff-report_8d8.pdf (Agenda)

Derosa Capital 19's other public contracts

City of Red Wing, MinnesotaFinancing Assistance Approved for DeRosa Capital 19 · Apr 14, 2025UndisclosedCity of Red Wing, MinnesotaDeRosa Capital 19 Secures City Financing for Project · Apr 14, 2025UndisclosedCity of Red Wing, MinnesotaRed Wing, DeRosa Capital 19 TIF agreement considered · Apr 14, 2025UndisclosedCity of Red Wing, MinnesotaRed Wing supports DeRosa Capital with financing agreement · Apr 14, 2025UndisclosedCity of Red Wing, MinnesotaDeRosa Capital 19 gets financing help · Apr 14, 2025UndisclosedAll Derosa Capital 19 contractsVendor profile

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Questions about this contract

Who was awarded the tax increment financing contract by City of Red Wing?

Derosa Capital 19 was awarded this tax increment financing contract by City of Red Wing, as recorded on April 14, 2025. The contract value is $150,000.

How much is the Derosa Capital 19 contract with City of Red Wing worth?

The Derosa Capital 19 contract with City of Red Wing is valued at $150,000, 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-red-wing-2025-city-council-meeting-staff-report_8d8.pdf (Agenda), dated April 14, 2025 from City of Red Wing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Derosa Capital 19 hold?

Derosa Capital 19 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 City of Red Wing currently buying?

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

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