Tax Abatement (MN Statutes 469.1812-469.1815)

The City may consider abatement of its taxes as a financial incentive to encourage desirable development or redevelopment that would not occur but for additional financial assistance.  It is the intent of the City to provide the minimum amount of abatement, for the shortest term possible, to ensure the project proceeds.  The City reserves the right to approve or reject projects on a case-by-case basis, taking into consideration established policies, project criteria, and demand on city services in relation to the potential benefits of the project.  Benefits must include:

  • Increase or preservation of tax base.
  • Providing employment opportunities.
  • Providing/constructing of public facilities or infrastructure.
  • Redeveloping or renewing blighted areas.
  • Providing access to services.