City of Moorhead Awards Financial Services Contract to Innovis Health LLC (July 2026)
City of MoorheadCity · Moorhead, MN- Disclosed value
- $8,682,000 capital investment; estimated $576,000 in property tax exemptions over 15 years
- From agendapacket
- Approved
- Jul 12, 2026
- Renews
- Free account
The 30-second brief
The Moorhead City Council approved a 15-year Renaissance Zone property tax exemption for Innovis Health LLC to rehabilitate the former Wells Fargo building at 730 Center Ave into an Essentia Health clinic, based on an $8.68 million capital investment. Only the new building value will be exempt under a graduated schedule, while existing land and improvement values remain taxable.
Innovis Health LLC holds this financial services contract with City of Moorhead.
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Contract details
- Contract type
- Financial Services
- Amount
- $8,682,000 capital investment; estimated $576,000 in property tax exemptions over 15 years
- Document date
- July 12, 2026
- Term
- 15 years (Years 1-5: 100% exemption; Years 6-10: 75% exemption; Years 11-15: 50% exemption)
- Renews
- Free account
- Vendor
- Innovis Health LLC
- Agency
- City of Moorhead
- Source document
- Moorhead City Council AgendaPacket 2026-07-13 (AgendaPacket)
Innovis Health LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by City of Moorhead?
Innovis Health LLC was awarded this financial services contract by City of Moorhead, as recorded on July 12, 2026. The contract value is $8,682,000 capital investment; estimated $576,000 in property tax exemptions over 15 years.
How much is the Innovis Health LLC contract with City of Moorhead worth?
The Innovis Health LLC contract with City of Moorhead is valued at $8,682,000 capital investment; estimated $576,000 in property tax exemptions over 15 years, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Moorhead City Council AgendaPacket 2026-07-13 (AgendaPacket), dated July 12, 2026 from City of Moorhead. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Innovis Health LLC hold?
Innovis Health LLC 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 Moorhead currently buying?
Explore City of Moorhead's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.