CONTRACTPENDING

Hotel Redevelopment TIF District Modification Under Review

Disclosed value: $3,100,000; From agenda
Document date: Feb 3, 2025
Term: 17 years

What it covers

Developer is requesting a modification of the TIF plan. The TIF would increase from 2.6 million dollars to 5.7 million dollars, reducing the term from 26 years to 17 years.

Who holds it

1111 Holdings holds this tax increment financing contract with Town of North. Its other public contracts on record include work for City of North Mankato and Town of Lake Pleasant.

What happens next

Term as filed: 17 years.

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Contract details

Contract type: Tax Increment Financing
Amount: $3,100,000
Document date: February 3, 2025
Term: 17 years
Vendor: 1111 Holdings
Agency: Town of North
Source document: north-mankato-city-council-meeting-minutes-february-3-2025_775.pdf (Agenda)

1111 Holdings's other public contracts

City of North Mankato, MinnesotaAmendment approved for 1111 Holdings. · Mar 4, 2024Undisclosed Town of Lake Pleasant, MinnesotaAmendment approved for 1111 Holdings development agreement · Feb 20, 2024Undisclosed Town of North, Minnesota1111 Range Street redevelopment approved · Apr 17, 2023Undisclosed Town of North, MinnesotaNorwood Inn Redevelopment Planned by 1111 Holdings LLC · Apr 4, 2023Undisclosed City of North Mankato, MinnesotaNorwood Inn Redevelopment: Mixed-Use Project Proposed · Apr 4, 2023Undisclosed All 1111 Holdings contractsVendor profile

More Town of North contracts

West Central SanitationWest Central Sanitation lease and recyclables transfer agreements considered · Aug 4, 2025Undisclosed Rink TecChange order approved with Rink-Tec · Jul 21, 2025-$24,000.00 Laketown ElectricLaketown Electric wins lighting replacement contract · Jul 21, 2025$2.3K Malterer MechanicalChange order approved for Malterer Mechanical · Jul 21, 2025$1.7K Rw Carlstrom ConstructionConstruction project approved for city · Jul 21, 2025$21.4M All Town of North activityAgency profile

Questions about this contract

Who was awarded the tax increment financing contract by Town of North?

1111 Holdings was awarded this tax increment financing contract by Town of North, as recorded on February 3, 2025. The contract value is $3,100,000.

How much is the 1111 Holdings contract with Town of North worth?

The 1111 Holdings contract with Town of North is valued at $3,100,000, 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 north-mankato-city-council-meeting-minutes-february-3-2025_775.pdf (Agenda), dated February 3, 2025 from Town of North. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does 1111 Holdings hold?

1111 Holdings 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 North currently buying?

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

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