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Commissioners greenlight tax‑abatement process for two fourplexes in Pine City
Summary
The board authorized staff to pursue formal tax‑abatement agreements for a developer building two fourplex apartment buildings in Pine City after reviewing a term sheet showing a county contribution up to $63,600 over 15 years; the motion passed with one opposition.
The Pine County board authorized county staff to work with financial advisors to draft formal agreements and pursue required hearings for a tax abatement request tied to construction of two fourplex buildings in Pine City. Leslie Sauter (Speaker 13), the county's economic development coordinator, told commissioners the developer requested a county share of about $63,600 over 15 years, contributing to a total requested abatement of roughly $146,300 (city plus county) to support an estimated $1.2 million project projected to reach a market value near $830,000 when complete.
Sauter outlined the term sheet and said the city had already approved the request 3–2 and the county HRA/EDA supported it 4–1. The developer (Speaker 14) told the board construction is underway, with the first building about 60% complete and schedules aiming for occupancy; Sauter said Ehlers performed a run and a five‑year lookback provision is included in the term sheet. After discussion about timing and budget climate one commissioner recorded opposition; the majority approved moving forward to formalize agreements and hold required public hearings.
Commissioners emphasized the project is intended to add workforce housing and noted that tax abatement does not eliminate taxes on the parcel but defers the incremental improvement portion under statutory authority; the county will continue to receive pre‑improvement tax amounts.
