Cass Supervisors to discuss tax abatement for Amaizing Energy property
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.