Economic Development Incentive Committee- May 27,2025 Minutes
ECONOMIC AND DEVELOPMENT INCENTIVE COMMITTEE
Fargo, North Dakota
Regular Meeting Tuesday, May 27, 2025
The February meeting of the Economic and Development Incentive Committee of the City of Fargo, North Dakota was held in the City Commission Room at City Hall at 1:00 p.m., Tuesday, May 27, 2025.
The committee members present or absent are:
Members Present: Dave Piepkorn, Mayor Mahoney, Lucas Paper, Matt Schlenvogt, John Cosgriff
Others Present: Jim Gilmour, Jackie Gapp, Michael Splonskowski
Others Absent: Levi Bachmeier, Erik Barner, Robert Wilson
Commissioner Piepkorn called the meeting to order at 1:00 p.m.
Minutes Approved
A motion was made by John Cosgriff to approve the minutes from February, 25. Matt Schlenvogt seconded. Motion carries.
Bert’s Trucking 5-year Tax Exemption
• Based in Moorhead. Would like to expand business to 2601 3rd Avenue N building.
• Requesting a 100% for 5-year exemption for $242,427.
• They will be converting building to a manufacturing facility to build snowplow trucks.
• Improvements are to include: paint booth, overhead cranes, electrical upgrades, and exterior improvements.
• First year they will add 18 new jobs at $75,000 per year; Year five, they will have 30 new jobs at $75,000 per year.
A motion was made by Mayor Mahoney to approve an additional 5-year Property Tax Exemption. Matt Schlenvogt seconded. Motion carries.
Corvent Medical 5-year Tax Exemption
• 4837 Amber Valley Parkway South
• Richard Walsh spoke on behalf of Corvent.
• Requesting a 100% for 5-year exemption for $57,223.
• Currently employs 52 people. Within 2 years will create 12 more jobs.
• Space will be used for general storage and handling for medical device mechanical ventilator components and finished goods.
• In the last 12 months, all mechanical ventilators moved out of the U.S. Corvent is the only one in the U.S.
A motion was made by Lucas Paper to approve the 5-year tax exemption. Matt Schlenvogt seconded. Motion carries.
Roers Tax Incentive for 45th Street Business Center
• Shannon Roers Jones spoke on behalf of Roers.
• Developer would like to request a property tax incentive for the project. Would need to amend the Pilot Policy.
• Project would be a major renovation and addition to commercial development on 45th Street. Live-work-play hub.
• $80 million expansion. 200,000 square feet, with 155,00 square feet dedicated to leased commercial tenant space and 45,000 +/- square feet allocated to co-working areas.
Discussion to be continued.
Report on Status of PILOT and TIF Incentives
• Reports include information on both projects with expired incentives and current incentives.
• Reports were on the following:
o PILOT incentive for low-income housing
o PILOT incentive for market-rate housing near NDSU and in core neighborhoods
o PILOT incentive for market-rate housing in the downtown area
o TIF Districts that have expired
o TIF Districts that are active and providing an incentive to a developer
o TIF Districts that are Public-Private Partnerships which create parking facilities
o The Riverfront TIF District, designed for serval activities
• Do not have job creation numbers yet.
• 10-year tax exemption- 5 years at 50% and 5 years at 100%.
• At the federal level resources are limited. Legislature did increase more money. It went from $13 million to 25 million.
• Low-income housing tax credits will continue to be available.
The meeting was adjourned at 2:04 pm.