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Commissioners approve TIF participation for Lennon Lofts (100% years 1–5; 50% years 6–10) after debate over budget impacts
Summary
The board voted to participate in a TIF exemption for the Lennon Lofts redevelopment, applying a 100% exemption for years 1–5 and 50% for years 6–10; the measure passed 3–2 after discussion about revenue impacts and the county’s limited discretion over Renaissance Zone exemptions.
The Cass County Board of Commissioners agreed to participate in a tax-increment finance (TIF) exemption for the Lennon Lofts redevelopment in Fargo, approving a TIF structure that follows a Renaissance Zone exemption: 100% exemption for years one through five and 50% for years six through ten. The motion passed on a roll call vote three to two.
Jim Gilmore presented the redevelopment site and said the City of Fargo has already approved a five‑year Renaissance Zone property tax exemption; the county’s action was whether to…
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