KTJ 360 Infrastructure Development Agreement Completed

The City previously entered into a development agreement with KTJ 360, LLC for infrastructure supporting the Pillars of Hermantown property. The infrastructure is complete, with the agreement later assigned to Pillars of Hermantown LLC.

Document date · October 15, 2026

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Scope & details

The full contract record, as filed.

Contract type

CONSTRUCTION

Contract term

May 5, 2020 Development Agreement; amended May 28, 2021

Renewal

Amended May 28, 2021 and assigned to Pillars of Hermantown LLC on August 17, 2022; no renewal option stated.

Document type

AgendaPacket

Source document

Hermantown Economic Development Authority AgendaPacket October 15, 2026

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Hermantown Economic Development Authority AgendaPacket October 15, 2026

AMENDED

City of Hermantown, MinnesotaOct 15, 2026

Hermantown Economic Development Authority AgendaPacket October 15, 2026

AMENDED

City of Hermantown, MinnesotaUp to $600,000; outstanding principal balance $454,596.89Oct 15, 2026

Hermantown Economic Development Authority AgendaPacket October 15, 2026

AMENDED

City of Hermantown, MinnesotaOct 15, 2026

Hermantown Economic Development Authority AgendaPacket October 15, 2026

APPROVED

City of Hermantown, MinnesotaOriginal principal amount $600,000; outstanding principal balance $454,596.89Oct 15, 2026

heda_resolution_2025_12h_approve_loan_agreement.pdf

APPROVED

City of Hermantown, MinnesotaOct 23, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Hermantown?

Ktj 360 Llc was awarded this construction contract by City of Hermantown, as recorded on October 15, 2026.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Hermantown Economic Development Authority AgendaPacket October 15, 2026 (AgendaPacket), dated October 15, 2026 from City of Hermantown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ktj 360 Llc hold?

Ktj 360 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 Ktj 360 Llc's profile

What is City of Hermantown currently buying?

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

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