CONTRACTPENDING

$859,000 TIF loan approved for Mother Lake, LLC

Hastings Housing Authority
Disclosed value
$859,000
From plan
Document date
Sep 16, 2025
Term
15 years

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THE 30-SECOND BRIEF

What it covers

Hastings CRA to provide $859,000 in TIF funding to Mother Lake, LLC for medical office redevelopment project. Project involves acquiring and redeveloping a 1.55-acre site, with TIF revenues repaying the debt from 2027 to 2041.

Who holds it

Mother Lake holds this loan contract with Hastings Housing Authority. Its other public contracts on record include work for Town of Hastings.

What happens next

Term as filed: 15 years.

Contract details

Contract type
Loan
Amount
$859,000
Document date
September 16, 2025
Term
15 years
Source document
hastings-community-redevelopment-authority-plan-modification_c70.pdf (Plan)

Mother Lake's other public contracts

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Questions about this contract

Who was awarded the loan contract by Hastings Housing Authority?

Mother Lake was awarded this loan contract by Hastings Housing Authority, as recorded on September 16, 2025. The contract value is $859,000.

How much is the Mother Lake contract with Hastings Housing Authority worth?

The Mother Lake contract with Hastings Housing Authority is valued at $859,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a plan record.

Where was this contract approved?

This contract appears in hastings-community-redevelopment-authority-plan-modification_c70.pdf (Plan), dated September 16, 2025 from Hastings Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Mother Lake hold?

Mother Lake 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 Hastings Housing Authority currently buying?

Explore Hastings Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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