City of Sioux Falls City Council Meeting Agenda March 2026
Tax Increment Agreement Approved for Smithfield Meat Corp Project
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Description
The City Council approved a Development Agreement with Smithfield Package Meat Corp for Tax Incremental District #27, authorizing up to $89.9 million in tax increment financing reimbursement for eligible project expenses.
Contract Details
Contract Amount
Up to $89,900,072
Vendor
SMITHFIELD PACKAGE MEAT CORP
Agency
City of Sioux Falls, SD
Contract Type
FINANCIAL_SERVICES
Document Date
March 15, 2026
Renewal Info
Ordinance authorizes payments subject to compliance with agreed project plan; duration per district/project completion per SDCL.
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City of Sioux Falls City Council Meeting Agenda March 2026
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City of Sioux Falls City Council Meeting Agenda March 2026
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