Shakopee Economic Development Authority Agenda Packet 2026-06-16
EDA Approves $600K Property Purchase from Kubes for Housing
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Description
The Shakopee Economic Development Authority awarded a $600,000 Purchase and Sale Agreement to Randolph J. Kubes and Lisa M. Kubes for the acquisition of property at 1211 4th Avenue East. The agreement supports affordable housing development and will be assigned to the Scott County Community Development Agency.
Contract Details
Contract Amount
$600,000
Vendor
KUBES, RANDOLPH J. & LISA M. KUBES
Agency
City of Shakopee, MN
Contract Type
OTHER
Document Date
June 16, 2026
Contract Term
Closing by January 31, 2027
Renewal Date
2027-01-31
Renewal Info
No renewal; assignment to Scott County CDA within 3 business days of resolution approval. Contingent $150,000 LAHA fund allocation as part of assignment.
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