Economic Development Incentives Committee - January 23, 2024 Minutes
ECONOMIC AND DEVELOPMENT INCENTIVE COMMITTEE
Fargo, North Dakota
Regular Meeting Tuesday, January 23, 2024
The January meeting of the Economic and Development Incentive Committee of the City of Fargo, North Dakota was held in the City Commission Room at City Hall at 1:00 p.m., Tuesday, January 23, 2024.
The committee members present or absent are:
Members Present: Dave Piepkorn, Mayor Mahoney, Jim Gilmour, Jackie Gapp, Jon Eisert, Michael Splonskowski and Erik Barner.
Members Absent: Jessica Ebeling, John Cosgriff, Robert Wilson, Levi Bachmeier, and Lucas Paper.
Commissioner Piepkorn called the meeting to order at 1:00 p.m.
Minutes Approved
A motion was made by Erik Barner to approve the minutes from November 28, 2023. Jon Eisert seconded. Motion carries.
Lashkowitz Housing Application- PILOT
• Chris Brungardt- Lashkowitz
• $4.8 million into project
• Special limited partner- 99.99% owner
• 110 units. 1-3 bedrooms. 100% voucher to all units. Section 8
• They are looking at SRO building for low income housing
• Is there a waiting list for 55 and older living?
o Yes. 600 families are waiting.
A motion was made by Jon Eisert to approve application for property tax exemption. Erik Barner seconded. Motion carries.
Anvil, Property Tax Exemption Application
• Guy Nelson- President
• 4th and Main
• Tax exemption would be on the portion of the building that they occupy.
• The build is worth $515,000
• They currently employ 7 people but would like to expand to 15 people.
A motion was made by Jon Eisert to approve tax exemption application. Erik Barner seconded. Motion carries.
Information on Growth Plan
• Nicole Crutchfield- Planning and Development
• Currently working on phase 3 (last phase)
• They are waiting for future land use plan so they can move forward.
• Meeting with stakeholders
Packet Digital, Property Tax Exemption Application
• Matt Steel- Director of Operations
• Building their own batteries so they do not have to import. These batteries give power to drones.
• Plan to start Bad Land Batteries this spring
• Looking for a 5 year exemption
• 25 jobs ever 5 years paying $40 per hour
A motion was made by Jon Eisert to approve tax exemption application. Erik Barner seconded. Motion carries.
The meeting was adjourned at 1:56pm.