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Board moves forward on 425th Avenue improvements; approves placement-agent and engineering contracts
Summary
After presentations on a proposed TIF district and construction schedule for 425th Avenue, the board approved contracts with Colliers Securities (placement agent) and Civil Design, Inc. for engineering services and authorized proceeding toward bid advertisement and bond closing steps.
The Kingsbury County Board reviewed plans for improvements to 425th Avenue and approved contracts Jan. 20 to advance a tax-increment financing (TIF) district and related engineering work.
Toby Morris of Colliers Securities summarized the TIF process and said he would need to request bond closing documents from the bank to move the financing forward. Andreq Kangas of Civil Design provided an estimated schedule that would put bid advertising next week, a possible bid opening on Feb. 15, 2026, and an award on Feb. 17, 2026. Chairman Kyle Lee deferred immediate contract action during the presentation pending legal review, but later, after Deputy States Attorney Todd Wilkinson said he saw no issues, the board approved the contract with Colliers to act as placement agent and approved the Civil Design engineering contract. "Motion by Walls, second by Lundquist to approve the contract with Colliers Securities to perform the duties of Placement Agent for the proposed TIF for 425th Ave. and for the Chairman to sign said contract," the minutes record; all present voted aye.
The project timeline as presented anticipates final plans and bid documents to be reviewed by the Highway Superintendent later that week, with a short bid advertisement window and an accelerated bid-award schedule in mid-February. No final bid amounts are recorded in the minutes; the approvals authorize staff to proceed with advertised procurement and necessary financing preparations.
