FINANCIAL_SERVICESAPPROVED

City of Fergus Falls City Council Meeting Agenda Packet May 18 2026

Fergus Falls approves TIF deal for Northwoods Industrial

Up to $295,000 in pay-as-you-go TIF assistanceTown of Fergus FallsNORTHWOODS INDUSTRIAL SERVICES LLCMay 18, 2026

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Description

The Fergus Falls City Council approved creation of TIF District 4-18 and a business subsidy and development agreement with Northwoods Industrial Services, LLC, providing up to $295,000 in pay-as-you-go tax increment assistance for a new 22,000-square-foot manufacturing facility to be leased to SCR Solutions. The TIF district will run from approximately 2028 through 2036, with the city retaining 10% of increment for administrative costs.

Contract Details

Contract Amount

Up to $295,000 in pay-as-you-go TIF assistance

Vendor

NORTHWOODS INDUSTRIAL SERVICES LLC

Agency

Town of Fergus Falls, MN

Contract Type

FINANCIAL_SERVICES

Document Date

May 18, 2026

Contract Term

TIF District 4-18 economic development district; first increment 2028 through final year 2036 (nine annual collections)

Renewal Date

2036-12-31

Renewal Info

Economic development TIF district with maximum duration of eight years from receipt of first increment; pay-as-you-go note up to $295,000 at 6% interest reimbursing eligible costs from 90% of tax increment until satisfied or district decertified. No automatic renewal beyond statutory TIF duration.

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