I know that MonoDevelop 5.x + / Mono 4.x has support for xbuild / MSBuild Toolsversion 12. So, let's check your installation.
Check Mono Installation:
mono -version
Mono JIT compiler version 4.0.2 ((detached/c99aa0c Thu Jun 11 18:53:01 EDT 2015)
xbuild --version
XBuild Engine Version 12.0 Mono, Version 4.0.2.0**
Check your GAC installation:
gacutil -l | grep Microsoft.Build
Microsoft.Build, Version=12.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build, Version=14.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Engine, Version=12.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Engine, Version=14.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Engine, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Framework, Version=12.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Framework, Version=14.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Framework, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Tasks.Core, Version=14.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Tasks.v12.0, Version=12.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Tasks.v4.0, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Utilities.Core, Version=14.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Utilities.v12.0, Version=12.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a Microsoft.Build.Utilities.v4.0, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a
Check if you have MSBuild dll (the paths are platform-dependent and change if necessary):
cat `which xbuild` #!/bin/sh exec /Library/Frameworks/Mono.framework/Versions/4.0.2/bin/mono $MONO_OPTIONS /Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/xbuild/12.0/bin/xbuild.exe " $@ "
Grab your Mono installation path from the output above and change the path below to fit:
find / Library / Frameworks / Mono.framework / Versions / 4.0.2 -name "* MSBuild"
/Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/4.5/MSBuild /Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/gac/Mono.Addins.MSBuild /Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/gac/policy.0.2.Mono.Addins.MSBuild /Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/gac/policy.0.3.Mono.Addins.MSBuild /Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/gac/policy.0.4.Mono.Addins.MSBuild /Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/gac/policy.0.5.Mono.Addins.MSBuild /Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/gac/policy.0.6.Mono.Addins.MSBuild /Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/xbuild/12.0/bin/MSBuild /Library/Frameworks/Mono.framework/Versions/4.0.2/lib/mono/xbuild/14.0/bin/MSBuild
So, as you can see, I have Service version 12. Update your installation / reinstall if necessary; -)