NOTICE OF PUBLIC HEARING ON PROPOSED PROPERTY TAX ABATEMENT FOR A HOUSING DEVELOPMENT PROJECT
NOTICE IS HEREBY GIVEN that the Board of Commissioners of Lake County, Minnesota (the “County”) will hold a public hearing on Tuesday, December 16th, 2025 at 2:30 p.m., or as soon thereafter as the matter may be heard, at the Lake County Service Center, Split Rock River Room, 616 Third Avenue, Two Harbors, Minnesota, 55616, to consider granting a property tax abatement under Minnesota Statutes, Sections 469.1812 through 469.1815 (the “Tax Abatement Act”).
The proposed tax abatement would apply to a housing development project to be constructed by Vision Inc. on property located on 5 acres in Two Harbors, on the Northwesterly portion of parcel 23 7600-36370 (the “Property”). The project is expected to consist of an approximately $17.4 million Class A 75-unit workforce apartment complex, to be called North Shore Flats.
Under the proposal, the County would abate all or a portion of the County’s share of property taxes levied on the Property for up to fifteen (15) years, with a total estimated amount equal to $525,000. The purpose of the proposed abatement is to encourage the development of needed, affordable and workforce housing, promote economic development, and increase and preserve the tax base within the County.
All interested persons are invited to attend the hearing and will be given an opportunity to express their views orally or in writing. Written comments may be submitted in advance to: The Office of the County Administrator, Lake County Service Center, 616 Third Avenue, Two Harbors, Minnesota, 55616, or via email message to clerk.board@co.lake.mn.us.
If you need special accommodations to participate in the hearing, please contact the Clerk of the Board at 218-834-8320 at least five (5) days prior to the meeting.
Dated: November 28, 2025
