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Council hears proposed TIF district and $295,000 assistance request for Northwoods Industrial Services
Summary
City consultant Jason Murray briefed the council on a proposed single-parcel economic-development TIF for a 22,000 sq ft manufacturing expansion. The developer requests $295,000 over the TIF life on a pay-as-you-go basis and would be subject to a business-subsidy job requirement (10 jobs at about $30/hour); a public hearing is scheduled Monday.
The Fergus Falls City Council received an overview of a proposed tax-increment financing district tied to an expansion for Northwoods Industrial Services. Jason Murray presented the TIF plan, which would create a one-parcel economic-development district for a new 22,000-square-foot facility.
Murray said the developer is requesting $295,000 in TIF assistance to be paid over the life of the district on a pay-as-you-go basis; the TIF plan sets a budgeted maximum increment collection and…
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