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Cottage Grove council approves property-tax abatement to cover portion of 2025A bonds for golf course irrigation

2367931 · February 20, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

After a public hearing, the council approved a tax-abatement resolution to apply a portion of the city's property-tax levy to debt service on bonds issued for irrigation improvements to the public golf course. A consultant said the abatement functions like a levy and will likely be paid from golf-course revenues.

The Cottage Grove City Council on Feb. 19 held a public hearing and adopted a resolution approving a property-tax abatement tied to the city's 2025A bond issue to reimburse capital work on the public golf course irrigation system.

At the hearing a representative from Eller's — identified in the meeting as Stacy — told the council the abatement would cover…

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