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Owatonna Economic Development Authority Agenda Packet 2026-06-17

City, Cemstone Complete Industrial Park Land Swap With TIF

City of OwatonnaCEMSTONEJune 17, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Cemstone and the City of Owatonna completed a land swap. Cemstone will develop the new industrial park site within five years, with TIF support, while the City plans future redevelopment of the former Cemstone property.

Contract Details

Vendor

CEMSTONE

Agency

City of Owatonna, MN

Contract Type

OTHER

Document Date

June 17, 2026

Contract Term

5 years to build on new site

Renewal Date

2031-06-17

Renewal Info

Cemstone has a 5-year timeline to construct new facility as per swap terms.

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