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File #: 2025-221    Version: 1
Type: LEDA Business Status: Passed
File created: 6/27/2025 In control: Economic Development Authority
On agenda: 8/11/2025 Final action: 8/11/2025
Title: Motion to Approve the Sale of Lot 1 in Mayes Fourth Addition to Dikun Properties MN LLC and Authorize President and Secretary to Sign the Development Agreement & Purchase Agreement.
Attachments: 1. FINAL Development Agreement Dikun Properties MN LLC, 2. Purchase Agreement Dikun Properties MN LLC

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Motion to Approve the Sale of Lot 1 in Mayes Fourth Addition to Dikun Properties MN LLC and Authorize President and Secretary to Sign the Development Agreement & Purchase Agreement.

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Dikun Properties MN, LLC is proposing to purchase Lot 1 in Mayes Fourth Addition to construct a 70' x 170' wood frame building for the purposes of operating a cannabis grow facility.  The terms of the deal are included in the attached Development Agreement.