Le Mars City Council Agenda Packet 2026-06-02
JG1, LLC Receives Council Approval for Tax Credit Incentive
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Description
Le Mars City Council approved local match assistance for JG1, LLC's multi-family housing project, supporting their state grant bid and providing a five-year property tax exemption worth approximately $66,000.
Contract Details
Contract Amount
Estimated tax exemption value: $66,000 (over 5 years)
Vendor
JG1 LLC
Agency
City of Le Mars, IA
Contract Type
OTHER
Document Date
June 2, 2026
Contract Term
Five years (tax exemption term)
Renewal Date
2031-06-02
Renewal Info
Five-year tax exemption per Urban Revitalization Plan; no renewal after period ends.
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