Moorhead City Council Meeting Agenda April 27 2026
Four-Year Tax Incentive Granted for Prairie Parkway Townhomes
Trusted by teams at
Description
The City Council approved a four-year multi-family tax exemption for Townhomes at Prairie Parkway II LLC for four new townhome buildings at 3865 and 3873 Prairie Drive South. The incentive is expected to provide approximately $27,200 in property tax relief on new building value to support expanded housing options.
Contract Details
Contract Amount
Estimated $27,200 in property tax exemptions over 4 years
Vendor
TOWNHOMES AT PRAIRIE PARKWAY II LLC
Agency
City of Moorhead, IA
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
4 years (starting with taxes payable in 2028, potentially deferred to 2029 if partial completion)
Renewal Date
2032-12-31
Renewal Info
Single 4-year exemption term based on structured parking criteria; no additional renewals described.
More from TOWNHOMES AT PRAIRIE PARKWAY II LLC
Related Contracts
More from City of Moorhead
City of Moorhead City Council Meeting Agenda May 2026
City of Moorhead Council Meeting Agenda May 2026
Moorhead City Council Meeting Agenda April 27 2026
Moorhead City Council Meeting Agenda April 27 2026
Moorhead City Council Meeting Agenda April 27 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.