FINANCIAL_SERVICESAPPROVED

Independent School District No. 2144 Resolution Approving Property Tax Abatement

School District Approves $700,000 Tax Abatement for Developer

Up to $70,000 per year for 10 years (maximum $700,000)Chisago Lakes School DistrictKENDALL HOWARD LLCApril 16, 2026

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Description

Independent School District No. 2144 approved a property tax abatement agreement with Kendall Howard, LLC valued at up to $700,000 over ten years to support construction of a new manufacturing facility and related public infrastructure. The abatement will apply to taxes payable from 2028 through 2038 and be transferred semiannually from the District to the City.

Contract Details

Contract Amount

Up to $70,000 per year for 10 years (maximum $700,000)

Vendor

KENDALL HOWARD LLC

Agency

Chisago Lakes School District, MN

Contract Type

FINANCIAL_SERVICES

Document Date

April 16, 2026

Contract Term

Taxes payable in the years 2028 through 2038; up to a 10-year period

Renewal Date

2038-12-31

Renewal Info

Single 10-year abatement period with no renewals specified; the School District reserves the right to modify the commencement date but not extend the abatement beyond ten years.