NOTICE IS HEREBY GIVEN that the Board of Commissioners of Freeborn County (the "County"), State of Minnesota, will hold a public hearing on December 21, 2021 beginning at approximately 8:45 AM in the County Board Room on the second floor of the Historic Courthouse located at 411 South Broadway in Albert Lea. The purpose is to conduct a public hearing relating to the County’s proposed tax abatement to the VFW Lofts project pursuant to Minnesota Statutes, 469.124 to 469.133 and Sections 469.174 to 469.1799, all inclusive, as amended. The project includes redeveloping of the former VFW site in the City of Albert Lea into 22 units of market rate rental housing.
The property to be included in the abatement area includes parcel numbers 34.004.0050, 34.004.0040 and 34.004.0022 in the City of Albert Lea. The proposed tax abatement begins in 2024 and will be terminated no later than 2033. The amount of the proposed tax abatement will not exceed $75,625 over the term of the tax abatement.
All interested persons may appear at the hearing and present their views orally or prior to the meeting in writing.
BY ORDER OF THE COUNTY BOARD OF COMMISSIONERS,
FREEBORN COUNTY MINNESOTA
Thomas Jensen
County Administrator