City of Fairmont Agenda 2026-05-26
Hearing Planned on Tax Abatement for Cress Brothers LLC
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Description
Cress Brothers LLC is part of a proposed five-year City of Fairmont property tax abatement package, estimated at $73,685.21, for a new facility on N. Bixby Road. The City will hold a public hearing on the abatement request on June 8, 2026.
Contract Details
Contract Amount
$73,685.21 (estimated total City tax abatement over 5 years, shared project)
Vendor
CRESS BROTHERS LLC
Agency
City of Fairmont, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Five-year property tax abatement
Renewal Date
2031-12-31
Renewal Info
Proposed five-year abatement; no renewal provisions stated.
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