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Commission Minutes—July 5, 2023 5736
<br />Mr. Gilmour said the new townhome project would be a small tax redevelopment to downtown Fargo
<br />and the City of Fargo Planning Department is in favor of the requested project. He said the cost of
<br />the project would be proposed at $2.1 million and the rate of return would be about 5.5%.
<br />Mr. Gilmour introduced David Noah, a local realtor, to update the Commission on the design and
<br />what the requested project would provide to downtown Fargo. He said the design fits the
<br />neighborhood. Mr. Noah said the property will provide five townhomes and needs the county's
<br />assistance on funding. He said the newly updated property is planned to be used as a rental for
<br />2,800 per month and eventually sell for between $400,000-$500,000.
<br />MOTION, passed
<br />Mr. Grindberg moved and Mr. Kapitan seconded to not participate in the request
<br />for Tax Increment Financing (TIF) in the City of Fargo submitted by HN 8th
<br />Street, LLC to assist with the redevelopment of a property located at 502 8th
<br />Street South for up to a fifteen-year period and negotiate the terms of the
<br />property tax incentive as described in N.D.C.0 40-05-24. On roll call vote, the
<br />motion carried unanimously.
<br />8. TAX EQUALIZATION BOARD, Reconvened for 2023
<br />Chairman Chad Peterson reconvened the Cass County Board of Tax Equalization for 2023. County
<br />Director of Equalization, Paul Fracassi provided recommendations to the Board prior to the meeting
<br />on appeals submitted for properties in the City of Fargo, City of West Fargo, City of Horace, and
<br />Harmony Township. All appeal information from the appellant, local jurisdiction, and the County Tax
<br />Equalization Office were provided to the Board prior to the meeting. The Board considered appeals
<br />from each jurisdiction as follows:
<br />rCity of Fargo
<br />Amazon
<br />An appeal was submitted by James Poliyanskiy on behalf of Amazon for a property located at 3737
<br />44th Avenue North. Mr. Fracassi said Amazon is appealing the land value of the property and is
<br />requesting a reduction from $2.25 per square foot to $1 per square foot. He said after reviewing the
<br />property, all appeal documentation, and comparable sales, he recommends the Board retain the
<br />current value.
<br />Patrick Vesey
<br />An appeal was submitted by Patrick Vesey for properties located at 1614 11th Avenue North, 2829
<br />University Drive South, 3012 9 1/2 Street North, 508 NP Avenue North, 512 NP Avenue North, 23
<br />Broadway North, 15 Broadway North, 2411 30 1/2 Avenue South, 13 Broadway North, 1701 38th
<br />Street South, 4334 18th Avenue South, 4816 Amber Valley Parkway South, 4650 38th Avenue South,
<br />4631 40th Avenue South, 4675 40th Avenue South, 4776 28th Avenue South Unit 100, 4776 28th
<br />Avenue South Unit 200, and 4776 28th Avenue South Unit 201. Mr. Fracassi said the applicant is
<br />requesting the property's value be reduced to the 2022 value. He said after reviewing the properties,
<br />all appeal documentation, and comparable sales, he recommends the Board reduce the value of a
<br />property located at 1614 11th Avenue North to $383.000, reduce the value of a property located at
<br />2829 University Drive South to $10,603,000, retain the current value of a property located at 3012 9
<br />2 Street North, retain the current value of a property located at 508 NP Avenue North, retain the
<br />current value of a property located at 512 NP Avenue North, retain the current value of a property
<br />located at 23 Broadway North, reduce the value of a property located at 15 Broadway North to
<br />8,257,000, retain the current value of a property located at 2411 30 1/2 Avenue South, retain the
<br />current value of a property located at 13 Broadway North, retain the current value of a property
<br />I 46 located at 1701 38th Street South. reduce the value of a property located at 4334 18th Avenue South
<br />to $5,370,000, retain the current value of a property located at 4816 Amber Valley Parkway South,
<br />retain the current value of a property located at 4650 38th Avenue South, retain the current value of a
<br />property located at 4631 40th Avenue South, retain the current value of a property located at 4675
<br />40th Avenue South, reduce the value of a property located at 4776 28th Avenue South Unit 100 to
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