The Emmet County Board of Supervisors Tuesday held a public hearing and approved first reading of a county ordinance that would grant a partial property tax exemption for a $9 million feed manufacturing facility at Halfa.
According to Cherilyn Krichau, StateLine Cooperative feed department manager, the feed mill would manufacture complete meal and pelleted swine feeds for livestock operations in north central Iowa and southern Minnesota.
The mill could make up to 400,000 tons of meal feel with the option of pelleting 200,000 ton annually.
The ordinance,which is based on state code addressing value added to industrial real estate, would exempt 75 percent of the added value the first year, 60 percent the second year, 45 percent the third year, 30 percent the fourth year and 15 percent the fifth year.
County assessor Barb Bohm said the exemption would address the entire site of StateLine's planned improvements at its Halfa location, meaning the company would not have to apply for an exemption for each building.
County attorney Doug Hansen said it normally takes three meetings to approve the ordinance; however, the board could waive the third reading at its second meeting.
He said though the ordinance could not be adopted until 30 days after the public hearing which was Tuesday.
The board approved the first reading.