JBZ Land Conveyance Supports EDA Industrial Park Purchase
City of New PragueCity · New Prague, MN- Disclosed value
- $1,000,000.00 allocated to the EDA parcel; $3,300,000.00 total combined purchase price
- From agendapacket
- Document date
- Nov 3, 2026
- Renews
- Free account
The 30-second brief
The Economic Development Authority's proposed land acquisition requires JBZ, LLC to convey the EDA parcel directly to the Authority at closing. The EDA will pay $1 million toward the combined $3.3 million purchase price, subject to approvals and transaction contingencies.
Jbz LLC holds this contract with City of New Prague.
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Contract details
- Amount
- $1,000,000.00 allocated to the EDA parcel; $3,300,000.00 total combined purchase price
- Document date
- November 3, 2026
- Term
- Purchase Agreement dated February 2026; closing date not specified and contingent on approvals and due diligence
- Renews
- On record
- Vendor
- Jbz LLC
- Agency
- City of New Prague
- Source document
- City of New Prague AgendaPacket Economic Development Authority Board Meeting 2026-11-04 (AgendaPacket)
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Questions about this contract
Who was awarded the government contract by City of New Prague?
Jbz LLC was awarded this government contract by City of New Prague, as recorded on November 3, 2026. The contract value is $1,000,000.00 allocated to the EDA parcel; $3,300,000.00 total combined purchase price.
How much is the Jbz LLC contract with City of New Prague worth?
The Jbz LLC contract with City of New Prague is valued at $1,000,000.00 allocated to the EDA parcel; $3,300,000.00 total combined purchase price.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of New Prague AgendaPacket Economic Development Authority Board Meeting 2026-11-04 (AgendaPacket), dated November 3, 2026 from City of New Prague. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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