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Board approves $154,299 tax abatement for POET under settlement
Summary
The Palo Alto County Board voted unanimously Jan. 13 to abate $154,299 in taxes for POET on parcel #165032001021 under a settlement and release dated Dec. 23, 2025. The motion was made by Ron Graettinger and seconded by Keith Wirtz.
The Palo Alto County Board of Supervisors on Jan. 13 approved an abatement of taxes for POET on parcel #165032001021 in the amount of $154,299 under a settlement agreement and release dated Dec. 23, 2025. The motion to approve the abatement was made by Ron Graettinger and seconded by Keith Wirtz; the minutes record the vote as ayes from Faulstick, Merrill, Graettinger, Wirtz and Solberg.
The action was recorded as a carried motion in the minutes; the settlement date and the parcel number were entered into the record. The minutes do not include further rationale discussed by the board or details of the settlement terms beyond the amount and the release date.
