FINANCIAL_SERVICESAPPROVED

City of Hermantown Awards Financial Services Contract to Ktj 360 Llc (October 2026)

HEDA authorized the transfer of its $600,000 Pay-As-You-Go revenue note from KTJ 360, LLC to VLSHRE Pillars Hermantown, LLC. The note has an outstanding balance of $454,596.89 and remains payable solely from the property’s tax abatement through 2030.

Document date · October 15, 2026

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
Original principal amount $600,000; outstanding principal balance $454,596.89
Contract type
FINANCIAL_SERVICES
Contract term
Issued in 2022; payments continue through taxes payable in 2030
Renewal date
2030-12-31
Renewal
No renewal clause; remaining payments are limited to tax-abatement revenues through taxes payable in 2030, with any unpaid balance then forgiven.
Document type
AgendaPacket
Source document
Hermantown Economic Development Authority AgendaPacket October 15, 2026

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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 Hermantown?

Ktj 360 Llc was awarded this financial services contract by City of Hermantown, as recorded on October 15, 2026. The contract value is Original principal amount $600,000; outstanding principal balance $454,596.89.

How much is the Ktj 360 Llc contract with City of Hermantown worth?

The Ktj 360 Llc contract with City of Hermantown is valued at Original principal amount $600,000; outstanding principal balance $454,596.89, 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 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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