Cass Supervisors to discuss tax abatement for Amaizing Energy property

Ag/Outdoor, News

September 13th, 2012 by Ric Hanson

The Cass County Board of Supervisors are scheduled to meet Friday morning (Sept. 14th), in a continuation of their regular Wednesday session. During the 7:30-a.m. meeting in their board room at the Courthouse in Atlantic, the Supervisors will discuss and possibly act on a Tax Abatement or Exemption, for the Amaizing Energy Urban Renewal Area property.

Late last month, Kathy Schowalter with PlanScape Partners made a presentation to the Cass County Board of Supervisors on behalf of Ron Fagen, CEO of Granite Falls, Minnesota-based Fagen, Incorporated, with regard to the possible creation of a 25-million gallon Cellulosic ethanol plant. Schowalter asked the Board of Supervisors on August 31st, to consider local assistance in the form of: a property tax exemption until production begins; 50% property tax exemption/rebate for ten years after production begins; and assistance with applications for State and Federal incentives. Even with an agreement in-place, the permitting process she says will take up to a year once investors are secured, construction on the plant itself would take 18-to 24-months.