City of New Ulm Awards Financial Services Contract to Garden Terrace New Ulm 2 LLC (March 2026)
City of New UlmCity · New Ulm, MN- Disclosed value
- $585,176 (total proposed abatement amount, payable over 10 years; city fee to establish: $4,000, not to exceed $1,000 per year)
- From agenda
- Approved
- Mar 3, 2026
- Renews
- Free account
The 30-second brief
The City of New Ulm approved a 10-year, $585,176 tax abatement for Garden Terrace New Ulm 2, LLC to support a 39-unit senior apartment project. Payments are subject to annual compliance and capped at $58,517 per year.
Garden Terrace New Ulm 2 LLC holds this financial services contract with City of New Ulm.
The renewal date is on record. Get free alerts for pre-RFPs like this one, matched to what you sell.
Get pre-RFPs for work like this before the bid is out.
Get pre-RFP alerts freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $585,176 (total proposed abatement amount, payable over 10 years; city fee to establish: $4,000, not to exceed $1,000 per year)
- Document date
- March 3, 2026
- Term
- 10 years (2026–2036), payments to be made annually, $58,517 average per year
- Renews
- On record
- Agency
- City of New Ulm
- Source document
- City of New Ulm City Council Meeting Agenda March 2026 (Agenda)
Garden Terrace New Ulm 2 LLC's other public contracts
More City of New Ulm contracts
Questions about this contract
Who was awarded the financial services contract by City of New Ulm?
Garden Terrace New Ulm 2 LLC was awarded this financial services contract by City of New Ulm, as recorded on March 3, 2026. The contract value is $585,176 (total proposed abatement amount, payable over 10 years; city fee to establish: $4,000, not to exceed $1,000 per year).
How much is the Garden Terrace New Ulm 2 LLC contract with City of New Ulm worth?
The Garden Terrace New Ulm 2 LLC contract with City of New Ulm is valued at $585,176 (total proposed abatement amount, payable over 10 years; city fee to establish: $4,000, not to exceed $1,000 per year), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of New Ulm City Council Meeting Agenda March 2026 (Agenda), dated March 3, 2026 from City of New Ulm. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Garden Terrace New Ulm 2 LLC hold?
Garden Terrace New Ulm 2 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.
What is City of New Ulm currently buying?
Explore City of New Ulm's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.