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Cottage Grove EDA moves to terminate Northpointe Industrial TIF and request decertification
Summary
The EDA approved a fourth amendment to the Northpointe Industrial development contract acknowledging completed improvements, terminated the TIF note, and passed resolutions to terminate the amended contract (Res. 2025-003) and request county decertification of TIF District No. 1-20 (Res. 2025-004).
The Cottage Grove Economic Development Authority voted Dec. 2 to accept a fourth amendment related to the Northpointe Industrial project (TIF District No. 1-20), terminate the associated tax increment financing note, and request decertification of the district.
Stacy of Ehlers reviewed the district’s history: the city created the TIF District in 2021 to support public infrastructure to serve a 236-acre industrial site, including roads, utilities and roundabouts. The original pay-as-you-go TIF note…
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