Big Lake Approves PCA Tax Increment Financing Agreement
City of Big LakeCity · Big Lake, MN- Disclosed value
- Maximum tax increment financing note principal of $6,661,000; 5.5% simple interest
- From agendapacket
- Approved
- Oct 21, 2026
- Renews
- Free account
The 30-second brief
Big Lake approved a development agreement and tax increment financing package for Packaging Corporation of America’s proposed manufacturing facility. The pay-as-you-go note may reach $6.661 million at 5.5% simple interest and will be repaid from project-generated tax increment.
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.
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Contract details
- Amount
- Maximum tax increment financing note principal of $6,661,000; 5.5% simple interest
- Document date
- October 21, 2026
- Term
- Construction anticipated by June 30, 2027; completion anticipated by December 31, 2028; district decertification no later than December 31, 2037
- Renews
- On record
- Agency
- City of Big Lake
- Source document
- Big Lake AgendaPacket 2026-10-21 (AgendaPacket)
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 October 21, 2026. The contract value is Maximum tax increment financing note principal 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 tax increment financing note principal of $6,661,000; 5.5% simple interest.
What type of contract is this?
This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Big Lake AgendaPacket 2026-10-21 (AgendaPacket), dated October 21, 2026 from City of Big Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.