Derby Community Development Advisory Board Meeting Agenda May 2026
City land sale recommended for Mid Continent Controls expansion
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Description
The Community Development Advisory Board recommended that the City Council sell Lot 3/Block A in the Derby Industrial Park 2nd Addition to Mid Continent Controls, Inc. for $1 plus development requirements. The deal facilitates a planned $3.8 million expansion of MC2’s existing aviation manufacturing facility with a five‑year operating commitment at the site.
Contract Details
Contract Amount
$1.00 plus development requirements
Vendor
MID CONTINENT CONTROLS INC
Agency
City of Derby, IA
Contract Type
FACILITIES
Document Date
May 6, 2026
Contract Term
Buyer required to own and operate at location for a minimum of 5 years following construction
Renewal Info
One‑time land sale; incentive structured as discounted price in exchange for development obligations and a minimum 5‑year operating commitment.
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