OTHERPENDING

Big Lake Considers TIF Development Agreement for Packaging Corporation

Big Lake discussed a proposed development agreement with Packaging Corporation of America tied to a manufacturing project with an estimated $250 million private investment. The proposed pay-as-you-go TIF assistance could provide up to an estimated $6.661 million in reimbursement over nine years, subject to project-generated tax increment and final agreement terms.

Document date · September 15, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $6.661 million in estimated pay-as-you-go TIF note assistance; maximum reimbursements estimated at $4.4 million for land and $2.261 million for site improvements
Contract type
OTHER
Contract term
Estimated 9-year tax increment financing reimbursement period, with increment projected from 2029 through 2038
Renewal date
2038-12-31
Renewal
No renewal terms stated. The proposed reimbursement would end after the nine-year TIF period or earlier if the project does not generate sufficient increment or the reimbursement is completed.
Document type
Agenda
Source document
Big Lake Agenda 2026-09-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Big Lake?

Packaging Corporation of America was awarded this government contract by City of Big Lake, as recorded on September 15, 2026. The contract value is Up to $6.661 million in estimated pay-as-you-go TIF note assistance; maximum reimbursements estimated at $4.4 million for land and $2.261 million for site improvements.

How much is the Packaging Corporation of America contract with City of Big Lake worth?

The Packaging Corporation of America contract with City of Big Lake is valued at Up to $6.661 million in estimated pay-as-you-go TIF note assistance; maximum reimbursements estimated at $4.4 million for land and $2.261 million for site improvements.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Big Lake Agenda 2026-09-16 (Agenda), dated September 15, 2026 from City of Big Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Packaging Corporation of America hold?

Packaging Corporation of America may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Packaging Corporation of America's profile

What is City of Big Lake currently buying?

Explore City of Big Lake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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