City Retracts Tax Abatement for Farmer’s Trust Bank

The City of Britt will retract the previously approved 2024 City-Wide Urban Revitalization Plan tax abatement granted to Farmer’s Trust and Savings Bank after the bank reconsidered its minimum assessment value. This action reverses the tax incentive arrangement associated with the bank’s property under the city’s revitalization program.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

2024 City-Wide Urban Revitalization Plan tax abatement period

Renewal

Prior approval under the 2024 City-Wide Urban Revitalization Plan is rescinded; no ongoing abatement benefits will continue for this property unless reapproved under a future action.

Document type

Agenda

Source document

city-of-britt-agenda-2024-12-17_81c.pdf

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APPROVED

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Britt?

Farmer’s Trust & Savings Bank was awarded this financial services contract by City of Britt, as recorded on December 17, 2024.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-britt-agenda-2024-12-17_81c.pdf (Agenda), dated December 17, 2024 from City of Britt. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Farmer’s Trust & Savings Bank hold?

Farmer’s Trust & Savings Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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