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Draft TIF-backed redevelopment contract with Doran presented

City of Minnetonka logoCity of Minnetonka
Disclosed value
$4.6 million
From agenda
Document date
Apr 27, 2023
Renews
Free account

The 30-second brief

What it covers

Minnetonka staff presented a draft Contract for Private Development with Doran Development for the Marsh II project, backed by up to $4.6 million in tax increment financing from a new redevelopment district. EDAC was asked to review the agreement, which mandates 40 affordable units, a transitional housing unit, and a 30-year affordability covenant with financial look-back protections.

Who holds it

Doran Development holds this financial services contract with City of Minnetonka.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Minnetonka contract.

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Contract details

Contract type
Financial Services
Amount
$4.6 million
Document date
April 27, 2023
Term
TIF assistance over 12 years; 30-year affordability covenant
Renews
Free account
Vendor
Doran Development
Agency
City of Minnetonka
Source document
city-of-minnetonka-agenda-2023-04-27_2ab.pdf (Agenda)

Doran Development's other public contracts

City of Minnetonka, MinnesotaMinnetonka approves $850K TIF for Doran Development · Aug 11, 2025$850KCity of Minnetonka, MinnesotaDoran Development seeks $850K TIF for affordable housing · Jul 17, 2025$850KCity of Minnetonka, MinnesotaDoran Development seeks $915,000 financing for affordable units · May 28, 2025$915KCity of Minnetonka, MinnesotaCouncil Tables Doran Development Apartment Project · May 22, 2023UndisclosedCity of Minnetonka, MinnesotaEDAC backs $4.6M TIF for Doran Marsh II project · Apr 27, 2023$4.6 millionAll Doran Development contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Minnetonka?

Doran Development was awarded this financial services contract by City of Minnetonka, as recorded on April 27, 2023. The contract value is $4.6 million.

How much is the Doran Development contract with City of Minnetonka worth?

The Doran Development contract with City of Minnetonka is valued at $4.6 million, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-minnetonka-agenda-2023-04-27_2ab.pdf (Agenda), dated April 27, 2023 from City of Minnetonka. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Doran Development hold?

Doran Development 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 Minnetonka currently buying?

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

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