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City of Rochester Awards $4,125,000 Development Assistance Agreement Contract to Rochester Tower (June 2025)

City of Rochester logoCity of Rochester
Disclosed value
$4,125,000
From agenda
Approved
Jun 16, 2025
Term
June 16, 2025 – February 1, 2054

The 30-second brief

What it covers

Rochester Tower LLC approved for development assistance agreement for market rate housing project at Civic Center North Apartments with $4,125,000 tax increment financing and up to $500,000 GSIA reimbursement for term through 2054.

Who holds it

Rochester Tower holds this development assistance agreement contract with City of Rochester.

What happens next

Term as filed: June 16, 2025 – February 1, 2054.

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Contract details

Contract type
Development Assistance Agreement
Amount
$4,125,000
Document date
June 16, 2025
Term
June 16, 2025 – February 1, 2054
Vendor
Rochester Tower
Agency
City of Rochester
Source document
city-of-rochester-eda-agenda-june-16-2025_7e0.pdf (Agenda)

Rochester Tower's other public contracts

City of Rochester, MinnesotaDevelopment assistance agreement approved for Rochester Tower LLC · Jun 16, 2025UndisclosedCity of Rochester, MinnesotaRochester Tower LLC awarded $13.19M development assistance agreement · Jun 16, 2025$13.2MCity of Rochester, MinnesotaRochester Tower LLC to receive $4.125 Million TIF · Jan 1, 2025$4.1MCity of Rochester, MinnesotaRochester Tower to be reimbursed for $500,000 in GSIA funds · Jan 1, 2025$500KAll Rochester Tower contractsVendor profile

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Questions about this contract

Who was awarded the development assistance agreement contract by City of Rochester?

Rochester Tower was awarded this development assistance agreement contract by City of Rochester, as recorded on June 16, 2025. The contract value is $4,125,000.

How much is the Rochester Tower contract with City of Rochester worth?

The Rochester Tower contract with City of Rochester is valued at $4,125,000, covering development assistance agreement work.

What type of contract is this?

This is a Development Assistance Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-rochester-eda-agenda-june-16-2025_7e0.pdf (Agenda), dated June 16, 2025 from City of Rochester. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Rochester Tower hold?

Rochester Tower 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 Rochester currently buying?

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

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