Economic Development Incentive Committee- February 25, 2025 Minutes
ECONOMIC AND DEVELOPMENT INCENTIVE COMMITTEE
Fargo, North Dakota
Regular Meeting Tuesday, February 25, 2024
The February 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, February 25, 2025.
The committee members present or absent are:
Members Present: Dave Piepkorn, Mayor Mahoney, Erik Barner, Lucas Paper, Matt Schlenvogt, John Cosgriff, and Robert Wilson.
Others Present: Jim Gilmour, Jackie Gapp, Michael Splonskowski
Others Absent: Levi Bachmeier
Commissioner Piepkorn called the meeting to order at 1:00 p.m.
Minutes Approved
A motion was made by John Cosgriff to approve the minutes from July 23, 2025. Matt Schlenvogt seconded. Motion carries.
Lennon TIF Request
• 220 6th Avenue North. Two apartment buildings to be removed and replaced with a 22-unit apartment building.
• Requesting an additional 5-year Renaissance Property Tax Exemption for $487,304.
• Request has also been reviewed by PFM. PFM concludes that this project would not be feasible without public assistance.
• The Renaissance Zone Authority will review TIF next week
A motion was made by Lucas Piper to approve additional 5-year Renaissance Property Tax Exemption. Matt Schlenvogt seconded. Motion carries.
Skyline TIF Request
• 1100 block of 18th Street North
• Requesting a 15-year property tax exemption. 100% for 5 years, 75% for 5 years and 50% for 5 years.
• Redeveloping 7 residential buildings that have been demolished and replacing with a new apartment building.
• Construction will begin in April 2025 and be completed in June 2026.
• Apartment building will have 88 units with 60 parking stalls underneath the building and 48 stalls outside.
• Request has also been reviewed by PFM. PFM concludes that this project would not be feasible without public assistance.
A motion was made by Matt Schlenvogt to approve additional 15-year property tax exemption. John Cosgriff seconded. Motion carries.
Convention Center Incentives
• Will be owned by the City of Fargo
• $40 million to build
• Traditional TIF district
• Open ended RFP’s will be sent out and the committee will look and them then eventually have a finalist
• TIF’s
o Convention center would be publicly owned and would not pay property taxes
o Hotel, restaurants, parking lot and all private development would possibly be eligible for a TIF. Just depending on the site.
• Meeting weekly regarding the convention center. 1:00 pm on Fridays at the Fargo City Hall.
• Tracking of incentives. Software is now in place to track incentives and surveys have been sent out.
The meeting was adjourned at 1:47 pm.