City of Owatonna Economic Development Authority Meeting Agenda Packet May 2026
City Finalizes Land Swap Agreement With Cemstone
Trusted by teams at
Description
The City of Owatonna completed a land swap with Cemstone, granting Cemstone 14 acres in the industrial park with five years to construct a new facility, while the City assumes ownership of the former Cemstone site for future redevelopment. Tax Increment Financing is being used to support the project.
Contract Details
Vendor
CEMSTONE
Agency
Town of Owatonna, MN
Contract Type
FACILITIES
Document Date
May 18, 2026
Contract Term
5 years to construct new facility
Renewal Info
Land swap agreement includes a five-year development window for Cemstone to build a new facility, supported by TIF.
More from CEMSTONE
Related Contracts
City of Northwood Minutes Regular Session 2026-05-11
APPROVEDCity of Minnetonka Beach City Council Meeting Agenda Packet May 11 2026
APPROVEDLake City City Council Regular Meeting Minutes April 2026
APPROVEDPalo Alto County Board of Supervisors Meeting Minutes September 25 2026
APPROVEDTown of New Haven Board Meeting Minutes February 2026
APPROVEDMore from Town of Owatonna
town-of-owatonna-airport-maintenance-and-operations-grant-agreement_1c2.pdf
City of Owatonna Council Meeting Agenda May 19, 2026
City of Owatonna Council Meeting Agenda May 19, 2026
City of Owatonna Council Meeting Agenda Packet May 19, 2026
City of Owatonna Council Meeting Agenda Packet May 19, 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.