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Shakopee EDA approves assignment of private development agreement for Deco property
Shakopee City Council · December 3, 2025
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Summary
The Shakopee Economic Development Authority approved a resolution to assign and assume a private development agreement and transfer redevelopment property from Deco Shakopee LLC to Newman holding Deco LLC, as required by the original development guarantee.
SHAKOPEE, Minn. — The Shakopee Economic Development Authority on Dec. 2 approved a resolution to assign and assume a private development agreement and transfer redevelopment property tied to a TIF note.
Staff explained the assignment is required when ownership of a…
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