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Hutchinson Approves $1.174 Million TIF Agreement

City of Hutchinson logoCity of Hutchinson
Disclosed value
$1,174,000 plus interest
From agendapacket
Approved
Dec 23, 2025
Term
15 years
Renews
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The 30-second brief

What it covers

Hutchinson approved a revised development agreement and business subsidy with 10 Main Street LLC. The agreement provides up to $1.174 million plus interest over 15 years for redevelopment of the former Jorgensen Hotel and Rock Jewelry site into a boutique hotel and commercial space.

Who holds it

10 Main Street LLC holds this contract with City of Hutchinson.

What happens next

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Contract details

Amount
$1,174,000 plus interest
Document date
December 23, 2025
Term
15 years
Renews
On record
Vendor
10 Main Street LLC
Agency
City of Hutchinson
Source document
Hutchinson City Council AgendaPacket Meeting Agenda 2025-12-23 (AgendaPacket)

10 Main Street LLC's other public contracts

City of Hutchinson, MinnesotaHutchinson Council Considers Subsidy for 10 Main Street · Dec 9, 2025UndisclosedCity of Hutchinson, MinnesotaCouncil Considers Loan Agreement with 10 Main Street · Oct 28, 2025UndisclosedAll 10 Main Street LLC contractsVendor profile

More City of Hutchinson contracts

Bolton & Menk IncEngineering Study Agreement Proposed for Bolton & Menk · Dec 23, 2025UndisclosedMcleod CountyJoint Powers Agreement Proposed for Fairgrounds Road Project · Dec 23, 2025UndisclosedMNDOTHutchinson Council to Consider MnDOT Grant Agreement · Dec 9, 2025Undisclosed10 Main Street LLCHutchinson Council Considers Subsidy for 10 Main Street · Dec 9, 2025UndisclosedLibrary Square East LLCCouncil Considers Library Square East Flagpole Franchise · Oct 28, 2025UndisclosedAll City of Hutchinson activityAgency profile

Questions about this contract

Who was awarded the government contract by City of Hutchinson?

10 Main Street LLC was awarded this government contract by City of Hutchinson, as recorded on December 23, 2025. The contract value is $1,174,000 plus interest.

How much is the 10 Main Street LLC contract with City of Hutchinson worth?

The 10 Main Street LLC contract with City of Hutchinson is valued at $1,174,000 plus interest.

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 Hutchinson City Council AgendaPacket Meeting Agenda 2025-12-23 (AgendaPacket), dated December 23, 2025 from City of Hutchinson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does 10 Main Street LLC hold?

10 Main Street 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 Hutchinson currently buying?

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

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