Massman Companies Inc. seeks TIF for new facility
Town of AlexandriaCity · MN- Disclosed value
- $939,452
- From agenda
- Document date
- Feb 13, 2023
- Term
- 9 years
The 30-second brief
Massman Companies Inc. is seeking tax increment financing for a 73,000 sq ft manufacturing, office, and warehousing facility. The city will reimburse the developer for property taxes paid, less a 10% administrative fee, over nine years, with an estimated annual TIF payment of $115,646.
MASSMAN holds this tax increment financing contract with Town of Alexandria. Its other public contracts on record include work for Alabama Port Authority and Normandy Schools Collaborative.
Term as filed: 9 years.
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Contract details
- Contract type
- Tax Increment Financing
- Amount
- $939,452
- Document date
- February 13, 2023
- Term
- 9 years
- Vendor
- MASSMAN
- Agency
- Town of Alexandria
- Source document
- town-of-alexandria-city-council-meeting-agenda-february-13-2023_b4e.pdf (Agenda)
MASSMAN's other public contracts
More Town of Alexandria contracts
Questions about this contract
Who was awarded the tax increment financing contract by Town of Alexandria?
MASSMAN was awarded this tax increment financing contract by Town of Alexandria, as recorded on February 13, 2023. The contract value is $939,452.
How much is the MASSMAN contract with Town of Alexandria worth?
The MASSMAN contract with Town of Alexandria is valued at $939,452, 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 town-of-alexandria-city-council-meeting-agenda-february-13-2023_b4e.pdf (Agenda), dated February 13, 2023 from Town of Alexandria. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does MASSMAN hold?
MASSMAN 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 Town of Alexandria currently buying?
Explore Town of Alexandria's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.