Rice County Board of Commissioners Agenda November 2025
Rice County Grants $169K Tax Abatement to KGP Telecommunications
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Description
Rice County Board approved a ten-year property tax abatement of approximately $169,106 for KGP Telecommunications, LLC, to support construction of its new 15,000-square-foot headquarters. Abatement payments begin in 2028 and continue through 2037, contingent upon KGP being the sole tenant and paying property taxes as outlined in the executed agreement.
Contract Details
Contract Amount
Estimated $169,106.00 over 10 years
Vendor
KGP TELECOMMUNICATIONS LLC
Agency
Rice County, MN
Contract Type
OTHER
Document Date
November 18, 2025
Contract Term
February 2028 – August 2037 (10 years, semi-annual payments)
Renewal Date
2037-08-31
Renewal Info
County abatement term is fixed for 10 years; abatement agreement may be modified only as permitted under the agreement and state law. No automatic renewal; further abatement subject to separate approval.
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