OTHERPENDING

City Plans TIF-Funded Property Acquisition

The City of Grand Rapids is considering a resolution to finance acquisition of property from Cargill & Steffenson Properties, LLC through an internal interfund loan, to be repaid from tax increments in a future TIF district. The contemplated financing is capped at the greater of $70,000 or the adopted TIF plan budget.

Status
PENDING
Document date
August 24, 2026
Contract type
OTHER
Vendor
Cargill & Steffenson Properties Llc
Agency
City of Grand Rapids · 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 amount
Not to exceed $70,000
Contract type
OTHER
Contract term
Until maturity date of TIF district tax increment receipts
Renewal
Interfund loan tied to duration of the TIF district; principal and interest payable solely from available tax increment until the district’s maturity date.
Document type
AgendaPacket
Source document
City of Grand Rapids Agenda Packet 2026-08-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Grand Rapids?

Cargill & Steffenson Properties Llc was awarded this government contract by City of Grand Rapids, as recorded on August 24, 2026. The contract value is Not to exceed $70,000.

How much is the Cargill & Steffenson Properties Llc contract with City of Grand Rapids worth?

The Cargill & Steffenson Properties Llc contract with City of Grand Rapids is valued at Not to exceed $70,000.

What type of contract is this?

This is a government 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 Grand Rapids Agenda Packet 2026-08-24 (AgendaPacket), dated August 24, 2026 from City of Grand Rapids. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cargill & Steffenson Properties Llc hold?

Cargill & Steffenson Properties 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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What is City of Grand Rapids currently buying?

Explore City of Grand Rapids's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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