City of Elko New Market Awards Facilities Contract to Bn Enterprises Llc (July 2026)

The City of Elko New Market approved Resolution 26-48 to purchase approximately four acres of land north of City Hall from BN Enterprises LLC at $92,500 per acre, for an expected total of around $370,000. The acquisition will support a future municipal campus and will be financed through a 15-year Capital Improvement Bond with closing and related costs covered by General Fund reserves.

Scope & details

The full contract record, as filed.

Contract amount

$92,500 per acre (approximately $370,000 total pending final surveyed acreage)

Contract type

FACILITIES

Contract term

Closing date no later than September 1, 2026; financed with a 15-year Capital Improvement Bond

Renewal date

2041-09-01

Renewal

Single real estate acquisition financed by a 15-year Capital Improvement Bond; no renewal or extension terms indicated.

Document type

Minutes

Source document

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

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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 Agenda Packet 2026-07-09

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 $92,500 per acre (approximately $370,000 total pending final surveyed acreage).

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 $92,500 per acre (approximately $370,000 total pending final surveyed acreage), covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Elko New Market Minutes City Council Work Session and Business Meeting 2026-07-09 (Minutes), 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?

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