Fargo Considers $1.4M TIF for Apartment Project
City of FargoCity · Fargo, ND- Disclosed value
- $1,397,266
- From agenda
- Document date
- Jun 13, 2022
- Term
- 9 years
The 30-second brief
The City of Fargo is considering a Tax Increment Financing (TIF) agreement with Great Plains Block 3 Venture, LLC, providing approximately $1.4 million for the redevelopment of property at 419 3rd Street North and 225 4th Avenue North. The project involves constructing a 100+ unit apartment building in downtown Fargo.
Great Plains Block 3 Venture holds this tax increment financing contract with City of Fargo.
Term as filed: 9 years.
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Contract details
- Contract type
- Tax Increment Financing
- Amount
- $1,397,266
- Document date
- June 13, 2022
- Term
- 9 years
- Agency
- City of Fargo
- Source document
- fargo_city_commission_regular_meeting_agenda_june.pdf (Agenda)
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Questions about this contract
Who was awarded the tax increment financing contract by City of Fargo?
Great Plains Block 3 Venture was awarded this tax increment financing contract by City of Fargo, as recorded on June 13, 2022. The contract value is $1,397,266.
How much is the Great Plains Block 3 Venture contract with City of Fargo worth?
The Great Plains Block 3 Venture contract with City of Fargo is valued at $1,397,266, covering tax increment financing work.
What type of contract is this?
This is a Tax Increment Financing contract, documented as a agenda record.
Where was this contract approved?
This contract appears in fargo_city_commission_regular_meeting_agenda_june.pdf (Agenda), dated June 13, 2022 from City of Fargo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Great Plains Block 3 Venture hold?
Great Plains Block 3 Venture may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Fargo currently buying?
Explore City of Fargo's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.