FINANCIAL_SERVICESAMENDED

EDA amends Roers housing TIF for rent limits

The Cottage Grove EDA amended its Housing TIF Agreement and Declaration of Restrictive Covenants with Roers to add rent restrictions on affordable units at the Roers Cottage Grove Apartments. The change supports the developer’s pursuit of Minnesota’s 4d tax classification and strengthens long-term affordability compliance within the TIF district.

Status
AMENDED
Document date
July 14, 2026
Contract type
FINANCIAL_SERVICES
Vendor
ROERS
Agency
City of Cottage Grove · MN

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
For the duration of the housing TIF district
Renewal
Amendment adds rent-restriction provisions to the existing TIF agreement and recorded covenants for the life of the TIF district; original agreement approved November 2025.
Document type
Agenda
Source document
Cottage Grove Economic Development Authority Agenda 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

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

ROERS was awarded this financial services contract by City of Cottage Grove, as recorded on July 14, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Cottage Grove Economic Development Authority Agenda 2026-07-14 (Agenda), dated July 14, 2026 from City of Cottage Grove. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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