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Council approves Agristo development agreement after CFIUS declaration returns no unresolved concerns
Summary
The council approved a development agreement with Agristo and accepted negotiated edits; city staff reported Agristo filed a CFIUS declaration and received confirmation there were no unresolved national‑security concerns cited under subsection F of the statute.
The Grand Forks City Council unanimously approved a development agreement with Agristo on Aug. 18 after staff and the company resolved red‑line changes and the company reported a positive outcome from a Committee on Foreign Investment in the United States (CFIUS) declaration. Council members and city attorneys described the remaining changes as non‑substantive and procedural.
City attorney staff summarized the recent edits to the agreement — including additions to the preliminary site plan exhibit, reasonableness…
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