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Willmar council approves framework for $9.2 million tax‑abatement to finance open‑access fiber network
Summary
The Willmar City Council held public hearings and approved an ordinance and a city‑only tax‑abatement resolution authorizing up to $9.2 million in general obligation tax‑abatement bonds to help finance an open‑access fiber broadband project; council members asked about parcel selection, owner consent and levy impacts.
The Willmar City Council voted to authorize the framework for up to $9.2 million in general obligation tax‑abatement bonds to help finance an open‑access high‑speed fiber‑optic broadband network through a city‑only tax‑abatement.
Mikaela Hewitt of Baker Tilly told the council the ordinance and accompanying tax‑abatement resolution would allow the city to finance construction and related public infrastructure for an open‑access fiber network. Hewitt said the city‑only abatement could run up to 20 years and that proceeds may be used for private property improvements, public infrastructure and public facilities tied to the project.
Hewitt described the required findings the council must make before adopting the…
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