Apartment unit gets two-year tax break

2013-07-02T18:36:00Z Apartment unit gets two-year tax breakBy LEANN ECKROTH | Bismarck Tribune Bismarck Tribune

The Mandan City Commission on Tuesday approved a full two-year property tax break for HM4, LLC., for a 42-unit apartment building at Sunset Drive and 27th Street N.W.

The property tax break is about $84,828 per year for each of the years the tax is waived.

The commission requires the developer build at least two low- to moderate-income units with the development.

Jim Moen of HM4 LLC. said work on the project will start this month and finish by March 2014.

Commissioners also awarded Northern Improvement the bid for $1.23 million for new streets, curb and lighting for the Heart Ridge Second Addition in Southwest Mandan.

The project is located on the north side of 19th Street. The development consists mostly of single family housing.

Reach LeAnn Eckroth at 701-250-8264 or leann.eckroth@bismarcktribune.com.

Copyright 2015 Bismarck Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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