CONTRACTAMENDED

Redevelopment Agreement with Sherman Associates Amended

Housing And Redevelopment Authority logoHousing And Redevelopment Authority
Disclosed value
$600,000 Authority Loan; Phase 2 TIF note principal set at $16,750 per unit
From agendapacket
Document date
Nov 3, 2026

The 30-second brief

What it covers

Fridley’s Housing and Redevelopment Authority previously contracted with Sherman Associates Development LLC for redevelopment of the Aura and Altair apartment projects. Amendments revised Phase 2 financing, including a $600,000 Authority Loan and TIF note terms.

Who holds it

Sherman Associates Development LLC holds this construction contract with Housing And Redevelopment Authority. Its other public contracts on record include work for Anoka County and City of Rochester.

What happens next

Term as filed: Original redevelopment contract dated April 4, 2019; amended through December 3, 2020.

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Contract details

Contract type
Construction
Amount
$600,000 Authority Loan; Phase 2 TIF note principal set at $16,750 per unit
Document date
November 3, 2026
Term
Original redevelopment contract dated April 4, 2019; amended through December 3, 2020
Source document
Fridley Housing and Redevelopment Authority Agenda Packet 2026-11-05 (AgendaPacket)

Sherman Associates Development LLC's other public contracts

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Questions about this contract

Who was awarded the construction contract by Housing And Redevelopment Authority?

Sherman Associates Development LLC was awarded this construction contract by Housing And Redevelopment Authority, as recorded on November 3, 2026. The contract value is $600,000 Authority Loan; Phase 2 TIF note principal set at $16,750 per unit.

How much is the Sherman Associates Development LLC contract with Housing And Redevelopment Authority worth?

The Sherman Associates Development LLC contract with Housing And Redevelopment Authority is valued at $600,000 Authority Loan; Phase 2 TIF note principal set at $16,750 per unit, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Fridley Housing and Redevelopment Authority Agenda Packet 2026-11-05 (AgendaPacket), dated November 3, 2026 from Housing And Redevelopment Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Sherman Associates Development LLC hold?

Sherman Associates Development 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 Housing And Redevelopment Authority currently buying?

Explore Housing And Redevelopment Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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