Derby Special Community Development Advisory Board Minutes 2026-04-08
Derby Board Backs $1 Land Sale To MC2
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Description
The Derby Community Development Advisory Board recommended selling Lot 3/Block A in the Derby Industrial Park 2nd Addition to Mid Continent Controls, Inc. for $1 plus development requirements to support a major facility expansion. The deal functions as an economic development incentive and requires MC2 to own and operate at the site for at least five years after construction.
Contract Details
Contract Amount
$1.00 plus development requirements
Vendor
MID CONTINENT CONTROLS INC
Agency
City of Derby, KS
Contract Type
OTHER
Document Date
April 8, 2026
Contract Term
Buyer required to own and operate at the location for a minimum of 5 years following construction
Renewal Info
Single land sale transaction used as an economic development incentive; buyer must own and operate at the location for at least five years following construction.
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