City of Hibbing Awards Facilities Contract to Jt Ventures LLC (November 2025)
City of HibbingCity · Hibbing, MN- Disclosed value
- $3,882.18/month (rent calculated to amortize $700,000 at 3.0% over 20 years)
- From agenda
- Approved
- Nov 10, 2025
The 30-second brief
The Hibbing Economic Development Authority executed a commercial lease with JT Ventures LLC for a 31,054-square-foot facility in Hibbing starting November 1, 2025. The month-to-month lease sets rent at $3,882.18 per month, with principal credited toward a $700,000 purchase price under an existing purchase agreement.
Jt Ventures LLC holds this facilities contract with City of Hibbing. Its other public contracts on record include work for Black Hills Airport Board.
Term as filed: Initial term November 1, 2025 – November 30, 2025, then month-to-month.
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Contract details
- Contract type
- Facilities
- Amount
- $3,882.18/month (rent calculated to amortize $700,000 at 3.0% over 20 years)
- Document date
- November 10, 2025
- Term
- Initial term November 1, 2025 – November 30, 2025, then month-to-month
- Vendor
- Jt Ventures LLC
- Agency
- City of Hibbing
- Source document
- Hibbing Economic Development Authority Agenda November 2025 (Agenda)
Jt Ventures LLC's other public contracts
More City of Hibbing contracts
Questions about this contract
Who was awarded the facilities contract by City of Hibbing?
Jt Ventures LLC was awarded this facilities contract by City of Hibbing, as recorded on November 10, 2025. The contract value is $3,882.18/month (rent calculated to amortize $700,000 at 3.0% over 20 years).
How much is the Jt Ventures LLC contract with City of Hibbing worth?
The Jt Ventures LLC contract with City of Hibbing is valued at $3,882.18/month (rent calculated to amortize $700,000 at 3.0% over 20 years), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Hibbing Economic Development Authority Agenda November 2025 (Agenda), dated November 10, 2025 from City of Hibbing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Jt Ventures LLC hold?
Jt Ventures 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.
What is City of Hibbing currently buying?
Explore City of Hibbing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.