Big Lake Approves PCA Tax Increment Financing Agreement
City of Big LakeCity · Big Lake, MN- Disclosed value
- Maximum principal amount of $6,661,000; 5.5% simple interest
- From minutes
- Approved
- Sep 16, 2026
- Renews
- Free account
The 30-second brief
Big Lake City Council approved a development agreement and related tax-increment financing assistance for Packaging Corporation of America’s proposed manufacturing facility. The pay-as-you-go note may reach $6.661 million plus 5.5% simple interest, with construction expected to finish by December 31, 2028.
Packaging Corporation of America (Pca) holds this contract with City of Big Lake. Its other public contracts on record include work for Marshalltown Community College.
The renewal date is on record. Get free alerts for pre-RFPs like this one, matched to what you sell.
Get pre-RFPs for work like this before the bid is out.
Get pre-RFP alerts freeFree account · 30-second setup · No credit card
Contract details
- Amount
- Maximum principal amount of $6,661,000; 5.5% simple interest
- Document date
- September 16, 2026
- Term
- Construction anticipated to begin by June 30, 2027, with completion by December 31, 2028; first tax increment expected in 2029; district decertification no later than December 31, 2037
- Renews
- On record
- Agency
- City of Big Lake
- Source document
- Big Lake City Council Minutes Regular Meeting 2026-09-16 (Minutes)
Packaging Corporation of America (Pca)'s other public contracts
More City of Big Lake contracts
Questions about this contract
Who was awarded the government contract by City of Big Lake?
Packaging Corporation of America (Pca) was awarded this government contract by City of Big Lake, as recorded on September 16, 2026. The contract value is Maximum principal amount of $6,661,000; 5.5% simple interest.
How much is the Packaging Corporation of America (Pca) contract with City of Big Lake worth?
The Packaging Corporation of America (Pca) contract with City of Big Lake is valued at Maximum principal amount of $6,661,000; 5.5% simple interest.
What type of contract is this?
This is a government contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Big Lake City Council Minutes Regular Meeting 2026-09-16 (Minutes), dated September 16, 2026 from City of Big Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Packaging Corporation of America (Pca) hold?
Packaging Corporation of America (Pca) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor 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.