The first company moving into the new Grand Forks unmanned aerial system tech park plans to ask for property tax exemptions.
Northrop Grumman, an aerospace and defense company that plans to break ground at the Grand Sky UAS park in September as the park's anchor tenant, will ask for property tax exemptions at a hearing Aug. 4 after getting approval from the Grand Forks County Commission at a meeting Tuesday.
The company would be 100 percent exempt for five years and then pay 50 percent of the total taxed value for the following six through 20 years, as is allowed per state statute.
The company also received permission to waive mandatory notification of the hearing in the Herald after Keith Lund, vice president of the Grand Forks Economic Development Corporation, said they didn't have any direct competition in the area.
Contractors were also approved for several construction projects at Grand Sky. United Crane and Excavation Inc. will work on the sanitary sewer system, and R.J. Zavoral and Sons Inc. will build the perimeter access road, phase one roadways and drainage.
