City of Owatonna Economic Development Authority Agenda Packet 2026-05-20
City Completes Land Swap With Cemstone; TIF Approved
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Description
The City of Owatonna and Cemstone finalized a land swap, with Cemstone set to build a new facility within five years, and TIF used for the project.
Contract Details
Vendor
CEMSTONE
Agency
City of Owatonna, MN
Contract Type
OTHER
Document Date
May 20, 2026
Contract Term
5 years to build new facility
Renewal Date
2031-05-20
Renewal Info
Cemstone has 5 years to complete new facility construction as per agreement.
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