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Pine County moves forward on tax‑abatement review for two four‑plex apartment buildings in Pine City
Summary
The Pine County Board authorized staff to prepare formal documents and hearings to consider a tax abatement request for construction of two four‑unit apartment buildings in Pine City that would total roughly $146,300 in abatements over 15 years, with the county’s portion estimated at about $63,600.
The Pine County Board agreed to proceed with drafting the formal documents and public‑hearing schedule for a tax‑abatement request for a Pine City apartment project after hearing details from the county’s economic development coordinator and the project developer. Project details Leslie Sauter (economic development coordinator) said Second and Third Apartments LLC applied for tax abatement for construction of two four‑unit rental buildings (eight units total) in Pine City. The developer provided a project estimate of about $1.2 million; full market value when complete…
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