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Council grants final extension to developer on Konagra site after extensive due diligence
Summary
Council approved a final extension for Triban Investments to complete due diligence on the former Konagra/Cott property and separately removed the site from the CRA so TIF revenue can fund seawall work; developers cited unexpected geotechnical, FEMA‑map, and soil remediation costs.
Council voted to give Triban Investments a final contract extension to Aug. 3, 2026, for the redevelopment of the former Konagra (Cott) property after a lengthy presentation and questions from council members. City staff and the developer said the site has presented unforeseen issues during due diligence, including additional foundation costs, a portion of the parcel recorded in the FEMA floodplain and soil contamination that requires remediation and off‑site disposal.
Rick Lundstrom, land development manager for Triban Investments, told council the developer has spent more than $80,000 on due diligence and that recent geotechnical testing showed helical…
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