OTHERAMENDED

Pillars Senior Housing Development Contract Transferred

HEDA previously approved a development contract with KTJ 360, LLC for the Pillars of Hermantown senior housing project, including up to $600,000 in tax-abatement assistance. The agreement is being transferred to the new owner, VLSHRE Pillars Hermantown, LLC, with the same obligations and rights retained.

Document date · October 15, 2026

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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
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
Up to $600,000; outstanding principal balance $454,596.89
Contract type
OTHER
Contract term
June 8, 2022 Development Contract; payments continue through taxes payable in 2030
Renewal date
2030-12-31
Renewal
Assigned to Pillars of Hermantown LLC on August 17, 2022 and proposed for transfer to VLSHRE Pillars Hermantown, LLC upon closing; no renewal option stated.
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 government contract by City of Hermantown?

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

What type of contract is this?

This is a government 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.

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What is City of Hermantown currently buying?

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