HRA Engages Developer in $22.9M Bay Center TIF Pact
City of WayzataCity · Wayzata, MN- Disclosed value
- Max reimbursement $22,910,879 over up to 25 years
- From report
- Document date
- Dec 31, 2024
- Term
- Maximum 25 years (term of TIF agreement)
The 30-second brief
The HRA and a developer have an active tax increment financing agreement for the Bay Center project, authorizing up to $22.9 million in eligible reimbursement over a term of up to 25 years as tax increments are realized.
DEVELOPER holds this development contract with City of Wayzata. Its other public contracts on record include work for TOWNE LAKE MANAGEMENT DISTRICT and Waterset South Community Development District - Rizzetta & Company, Inc..
Term as filed: Maximum 25 years (term of TIF agreement).
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Contract details
- Contract type
- Development
- Amount
- Max reimbursement $22,910,879 over up to 25 years
- Document date
- December 31, 2024
- Term
- Maximum 25 years (term of TIF agreement)
- Vendor
- DEVELOPER
- Agency
- City of Wayzata
- Source document
- city-of-wayzata-financial-statements-december-31-2024_7f5.pdf (Report)
DEVELOPER's other public contracts
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Questions about this contract
Who was awarded the development contract by City of Wayzata?
DEVELOPER was awarded this development contract by City of Wayzata, as recorded on December 31, 2024. The contract value is Max reimbursement $22,910,879 over up to 25 years.
How much is the DEVELOPER contract with City of Wayzata worth?
The DEVELOPER contract with City of Wayzata is valued at Max reimbursement $22,910,879 over up to 25 years, covering development work.
What type of contract is this?
This is a Development contract, documented as a report record.
Where was this contract approved?
This contract appears in city-of-wayzata-financial-statements-december-31-2024_7f5.pdf (Report), dated December 31, 2024 from City of Wayzata. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does DEVELOPER hold?
DEVELOPER 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 Wayzata currently buying?
Explore City of Wayzata's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.