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Jensen Design says its projects added $4.5M in valuation; council approves purchase of Lot 7 in Grandview
Summary
Developer Jeremy Jensen told the Gregory City Council Jensen Design has completed nine homes and two work-housing units, which he said raised city valuation by about $4.5 million and taxes by roughly $40,000. The council approved a purchase agreement for Lot 7, Block 8, Grandview (one abstention).
Jeremy Jensen of Jensen Design reported to the Gregory City Council that the firm has completed nine homes and two work-housing opportunities to date, and said those projects increased the city's taxable valuation by about $4.5 million and boosted annual tax collections by approximately $40,000. The report was given during the Feb. 18, 2025 regular meeting; the council thanked Jensen for his investments in the community.
The council also reviewed and approved a purchase agreement for Lot 7, Block 8, Grandview, with terms prepared by City Attorney Rachelle Norberg. Laura Petersen moved to approve the purchase and Cory Graber seconded; the motion carried with three ayes and one abstention from Alex Hamilton. No purchase price was stated in the minutes.
