City of Derby Council Meeting Agenda May 2026
City Sells Business Park Lot to Mid Continent Controls
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Description
Derby City Council approved selling Lot 3, Block A in the West End Business Park to Mid Continent Controls, Inc. for $1 plus development requirements to support a $3.8 million, 20,000-square-foot expansion project. As part of the agreement, MC2 will maintain operations at the site for at least five years and expects to add about 25 new jobs.
Contract Details
Contract Amount
$1.00 plus development requirements
Vendor
MID CONTINENT CONTROLS INC
Agency
City of Derby, IA
Contract Type
FACILITIES
Document Date
May 12, 2026
Contract Term
Minimum of 5 years of ownership and operation following construction
Renewal Info
Contract requires Mid Continent Controls to own and operate the facility for at least five years post-construction; no automatic renewal, but long-term occupancy is expected.
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