Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Pine County board approves 15-year tax abatement for two fourplexes in Pine City
Summary
The Pine County Board approved a 15-year tax abatement for Second and Third Apartments LLC to support development of two fourplex buildings (eight units) in Pine City; the county’s share is roughly $63,600 and the city’s $82,700 over the abatement term.
Leslie Sauter, the county’s economic development coordinator, told the board the developer, Second and Third Apartments LLC, seeks a tax abatement to make two fourplex apartment buildings financially viable. Sauter said the county’s contribution to the abatement would be about $63,600 and the city’s share about $82,700, both amortized over 15 years to close a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
