City Proposes Campus Land Purchase from BN ENTERPRISES

Elko New Market staff proposed purchasing approximately four acres of land from BN ENTERPRISES, LLC at $92,500 per acre to complete the planned municipal campus north of City Hall. The acquisition, to be funded by a 15-year capital improvement bond, would close by September 1, 2026 pending Council approval of Resolution 26-48.

Scope & details

The full contract record, as filed.

Contract amount

Approximately $92,500 per acre for about 4 acres (estimated total around $370,000)

Contract type

FACILITIES

Contract term

Closing no later than September 1, 2026; 15-year bond financing anticipated

Renewal date

2041-09-01

Renewal

One-time land acquisition with no renewals; financed through a proposed 15-year capital improvement bond.

Document type

AgendaPacket

Source document

City of Elko New Market Agenda Packet 2026-07-09

Related contracts

Other contracts from Bn Enterprises Llc.

View all →

City of Elko New Market City Council Work Session and Business Meeting Agenda 2026-08-27

AMENDED

City of Elko New Market, MinnesotaAug 27, 2026

City of Elko New Market Minutes City Council Work Session and Business Meeting 2026-07-09

APPROVED

City of Elko New Market, Minnesota$92,500 per acre (approximately $370,000 total pending final surveyed acreage)Jul 9, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Elko New Market?

Bn Enterprises Llc was awarded this facilities contract by City of Elko New Market, as recorded on July 9, 2026. The contract value is Approximately $92,500 per acre for about 4 acres (estimated total around $370,000).

How much is the Bn Enterprises Llc contract with City of Elko New Market worth?

The Bn Enterprises Llc contract with City of Elko New Market is valued at Approximately $92,500 per acre for about 4 acres (estimated total around $370,000), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Elko New Market Agenda Packet 2026-07-09 (AgendaPacket), dated July 9, 2026 from City of Elko New Market. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bn Enterprises Llc hold?

Bn Enterprises Llc 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 Bn Enterprises Llc's profile

What is City of Elko New Market currently buying?

Explore City of Elko New Market's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Elko New Market's profile