OTHERPENDING

Maple Plain Plans TIF Agreement With Equinox Developer

Maple Plain plans to enter into a development agreement with Equinox Development Partners LLC for an 85-unit townhome project. The proposed pay-as-you-go TIF assistance would reimburse up to $4.151 million in eligible costs, with estimated payments of about $8.8 million including 6% interest over a period of up to 26 years.

Document date · September 28, 2026

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TerraCycle logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
Up to $4,151,000 in eligible project-cost reimbursement; estimated total pay-go payments of approximately $8.8 million including interest
Contract type
OTHER
Contract term
Not to exceed 26 years; proposed payments from August 1, 2029 through February 1, 2055, or until principal and interest are paid in full
Renewal date
2055-02-01
Renewal
Proposed development contract and pay-go TIF note; no renewal option is stated. Payments continue until the earlier of maturity, prepayment, or full payment of principal and interest.
Document type
AgendaPacket
Source document
Maple Plain AgendaPacket Tax Increment Financing District 2-2 Public Hearing 2026-09-28

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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 Maple Plain?

Equinox Development Partners Llc was awarded this government contract by City of Maple Plain, as recorded on September 28, 2026. The contract value is Up to $4,151,000 in eligible project-cost reimbursement; estimated total pay-go payments of approximately $8.8 million including interest.

How much is the Equinox Development Partners Llc contract with City of Maple Plain worth?

The Equinox Development Partners Llc contract with City of Maple Plain is valued at Up to $4,151,000 in eligible project-cost reimbursement; estimated total pay-go payments of approximately $8.8 million including 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 Maple Plain AgendaPacket Tax Increment Financing District 2-2 Public Hearing 2026-09-28 (AgendaPacket), dated September 28, 2026 from City of Maple Plain. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Equinox Development Partners Llc hold?

Equinox Development Partners 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 Equinox Development Partners Llc's profile

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