EDA approves amended Building 6 TIF assignment

The Maple Grove Economic Development Authority endorsed the assignment of the amended $239,500 TIF Note and Development Agreement for Arbor Lakes Building 6 from Arbor Lakes 2 Industrial Owner, LLC to a new ownership entity. The change reflects prior reductions under stabilization lookback provisions and prepares for the building’s sale.

Scope & details

The full contract record, as filed.

Contract amount

$239,500 amended TIF Note principal

Contract type

FINANCIAL_SERVICES

Renewal date

2027-02-01

Renewal

Building 6 TIF Note was issued April 7, 2025 at $479,000 and reduced to $239,500 after stabilization; with the reduction, payoff is anticipated by February 1, 2027 (otherwise February 1, 2028 under prior amount).

Document type

AgendaPacket

Source document

Maple Grove Economic Development Authority AgendaPacket Regular Meeting 2026-08-03

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Maple Grove Economic Development Authority AgendaPacket Regular Meeting 2026-08-03

AMENDED

City of Maple Grove, Minnesota$396,618 TIF Note principalAug 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Maple Grove?

Arbor Lakes 2 Industrial Owner Llc was awarded this financial services contract by City of Maple Grove, as recorded on August 3, 2026. The contract value is $239,500 amended TIF Note principal.

How much is the Arbor Lakes 2 Industrial Owner Llc contract with City of Maple Grove worth?

The Arbor Lakes 2 Industrial Owner Llc contract with City of Maple Grove is valued at $239,500 amended TIF Note principal, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Maple Grove Economic Development Authority AgendaPacket Regular Meeting 2026-08-03 (AgendaPacket), dated August 3, 2026 from City of Maple Grove. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Arbor Lakes 2 Industrial Owner Llc hold?

Arbor Lakes 2 Industrial Owner 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.

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