City of Fergus Falls City Council Work Session-August 4, 2025

Fergus Falls City Council · August 5, 2025

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Opening: overview of TIF history and counts

Presentation

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Mayor Hicks opened the meeting with an overview of the citys TIF history: 45 projects authorized total, six currently open, two not certified (one—an apartment on the Shopko parking lot—will not move forward) and 37 decertified and back on the tax rolls.

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A Fergus Falls City Council discussion on drafting a Tax Increment Financing (TIF) policy, focusing on statutory limits, whether housing should qualify, suggested maximum durations (economic development 8 years; housing debated at 12–15 years or omitted), administrative fees, developer equity and transferability; staff will return an edited draft.

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Transcript

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