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Doran Development seeks $915,000 financing for affordable units

City of Minnetonka logoCity of Minnetonka
Disclosed value
$915,000
From agenda
Document date
May 28, 2025
Term
15 years

The 30-second brief

What it covers

Doran Development is seeking Tax Increment Financing of $915,000 over 15 years to provide affordable housing units in Minnetonka. The developer is required to provide 5% of the units at or below 50% AMI and 5% of the units at 60% AMI due to the request for a zoning change from PID to PUD.

Who holds it

Doran Development holds this financing contract with City of Minnetonka.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Financing
Amount
$915,000
Document date
May 28, 2025
Term
15 years
Vendor
Doran Development
Agency
City of Minnetonka
Source document
city-of-minnetonka-agenda-2025-05-28_0dd.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, MinnesotaCouncil Tables Doran Development Apartment Project · May 22, 2023UndisclosedCity of Minnetonka, MinnesotaDraft TIF-backed redevelopment contract with Doran presented · Apr 27, 2023$4.6 millionCity 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 financing contract by City of Minnetonka?

Doran Development was awarded this financing contract by City of Minnetonka, as recorded on May 28, 2025. The contract value is $915,000.

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

The Doran Development contract with City of Minnetonka is valued at $915,000, covering financing work.

What type of contract is this?

This is a Financing contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-minnetonka-agenda-2025-05-28_0dd.pdf (Agenda), dated May 28, 2025 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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