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Cass County withholds participation in Fargo TIF for Lennon Lofts, asks city to continue negotiations
Summary
The commission declined to approve county participation in a proposed additional five-year tax exemption for Lennon Lofts in downtown Fargo and directed staff to negotiate further with the developer, citing financial prudence amid potential property-tax cap changes and concerns about whether the project would occur without incentives.
The Cass County Commission voted not to participate in the second five-year tax exemption portion of the Fargo Lennon Lofts proposal and directed staff to negotiate with the property owner on terms. County staff explained North Dakota rules allow the county and school district to opt out of exemptions that extend beyond five years; the city approved its participation and the county has 30 days under state statute to act.
County planner/administrator Jim Gilmore (identified in the meeting transcript as presenting the item) described the proposed project as replacing two vacant,…
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