Canby council approves eight-year property tax abatement for 1007 Oscar Avenue North

The Canby City Council on May 19 unanimously adopted Resolution 2026-05-19-1 to approve a property tax abatement for real property identified as 1007 Oscar Avenue North, requested by Thane Hacker. The council held the required public hearing and voted to correct the taxes payable end date to 2036 before adopting the resolution.

Under the adopted resolution the abatement applies only to the City of Canby’s share of property taxes and is capped at $5,500 per year and $44,000 in total over an eight-year term. The abatement term begins with taxes payable in 2028 and ends with taxes payable in 2036, unless terminated earlier under the resolution or related abatement agreement.

The resolution conditions the abatement on completion of the proposed improvements, compliance with applicable laws and ordinances, timely payment of all taxes when due, and satisfaction of any additional requirements contained in a formal abatement agreement. The property owner remains responsible for paying taxes when due; the city will pay any abatement only after it has received the applicable tax settlement and verified compliance with conditions.

Council referenced authority for the action under Minnesota law and authorized the mayor and city administrator to execute any abatement agreement and related documents, subject to review by the city attorney. The resolution was adopted at the May 19 meeting and the public hearing was closed.

Next steps include preparing and signing any abatement agreement and verification steps required before the city remits any abated amounts.