Monticello EDA Regular Meeting Agenda Packet May 13 2026
EDA advances PDA with Ironbridge for warehouse project
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Description
The Monticello EDA moved to approve a Preliminary Development Agreement with Ironbridge Holdings, LLC for a 55,000 square foot warehouse and distribution project in Otter Creek Business Park. The agreement sets a 180‑day due‑diligence period, including TIF application, soil testing, and financial feasibility work.
Contract Details
Vendor
IRONBRIDGE HOLDINGS LLC
Agency
Town of Monticello, MN
Contract Type
OTHER
Document Date
May 13, 2026
Contract Term
Preliminary Development Agreement effective May 13, 2026 for 180 days
Renewal Date
2026-11-09
Renewal Info
PDA term is 180 days from May 13, 2026, with provisions for earlier termination by either party under specified conditions; a future Contract for Private Development is anticipated if conditions are met.
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