town-of-germanmeeting-minutes2024-07-29_7c3.pdf
13-Year Tax Abatement Approved for MAK Construction Housing Project
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Description
The City of Grafton approved a 13-year PILOT (Payment in Lieu of Taxes) agreement with MAK Construction for the development of multi-family apartments at 1020 West 9th Street. The abatement totals approximately $62,000 per year.
Contract Details
Vendor
MAK CONSTRUCTION
Agency
Town of German, ND
Contract Type
OTHER
Document Date
July 29, 2024
Contract Term
13 years
Renewal Date
2037-07-29
Renewal Info
Agreement runs for a fixed term of 13 years, with no renewal or extension terms noted.
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