Developer Seeks Long-Term TIF Agreement

Scope & details

The full contract record, as filed.

Contract amount

TIF reimbursement projected at ~$243,199 per year; approximate total $6,323,174 over 26 years; TIF Note principal $3,329,551 at 5% interest

Contract type

FINANCIAL_SERVICES

Contract term

Up to 26 years of tax increment reimbursement from a redevelopment TIF district

Renewal

Proposed agreement includes multiple lookback events at construction completion, stabilization, and sale that may adjust the TIF note principal downward if actual costs or returns exceed thresholds; the district term is capped by statute at 25–26 years.

Document type

AgendaPacket

Source document

City of Dundas Economic Development Authority Agenda Packet 2026-08-24

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Dundas?

Cannon River Lofts Llc was awarded this financial services contract by City of Dundas, as recorded on August 23, 2026. The contract value is TIF reimbursement projected at ~$243,199 per year; approximate total $6,323,174 over 26 years; TIF Note principal $3,329,551 at 5% interest.

How much is the Cannon River Lofts Llc contract with City of Dundas worth?

The Cannon River Lofts Llc contract with City of Dundas is valued at TIF reimbursement projected at ~$243,199 per year; approximate total $6,323,174 over 26 years; TIF Note principal $3,329,551 at 5% interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Dundas Economic Development Authority Agenda Packet 2026-08-24 (AgendaPacket), dated August 23, 2026 from City of Dundas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cannon River Lofts Llc hold?

Cannon River Lofts 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.

View Cannon River Lofts Llc's profile

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