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Renaissance Zone Incentive Backed for Restad Properties

City of West Fargo logoCity of West Fargo
Document date
Jun 5, 2025
Renews
Free account

The 30-second brief

What it covers

The West Fargo Economic Development Advisory Committee reviewed and recommended approval of a Renaissance Zone tax incentive for Restad Properties to construct a fourth industrial park building valued at approximately $1–1.1 million. The five-year incentive is estimated to impact $72,480 in property taxes between 2026 and 2030.

Who holds it

Restad Properties holds this financial services contract with City of West Fargo. Its other public contracts on record include work for Town of Western.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of West Fargo contract.

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Contract details

Contract type
Financial Services
Document date
June 5, 2025
Term
5-year Renaissance Zone property tax incentive (2026–2030)
Renews
Free account
Vendor
Restad Properties
Agency
City of West Fargo
Source document
city-of-west-fargo-economic-development-advisory-committee-agenda-june-5-2025_334.pdf (Agenda)

Restad Properties's other public contracts

City of West Fargo, North DakotaRestad Properties Granted Five-Year Tax Abatement · Nov 6, 2025City of West Fargo, North DakotaRestad Properties gets property tax exemption for 5 years · Aug 7, 2025UndisclosedCity of West Fargo, North DakotaRestad Properties Renaissance Zone application approved · Jun 16, 2025UndisclosedCity of West Fargo, North DakotaRestad Properties approved for Renaissance Zone industrial building · Jun 16, 2025UndisclosedTown of Western, North DakotaRestad Properties granted 5-year tax abatement for new industrial building · Jun 16, 2025UndisclosedAll Restad Properties contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of West Fargo?

Restad Properties was awarded this financial services contract by City of West Fargo, as recorded on June 5, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-west-fargo-economic-development-advisory-committee-agenda-june-5-2025_334.pdf (Agenda), dated June 5, 2025 from City of West Fargo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Restad Properties hold?

Restad Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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