FARGO — A company that has been reshaping Fargo's downtown landscape will go before city officials on Tuesday, June 25, to talk about tax incentives for four new projects, the total value of which is estimated at about $76 million.

Tuesday's event will be a combination of meetings involving both the Renaissance Zone Authority and the Tax Exempt Review Committee (TERC).

Downtown developer Kilbourne Group will bring four projects before the boards, including two that are seeking tax exemption consideration from both the Renaissance Zone Authority and the TERC, one that is seeking tax exemption consideration from only the TERC, and one that is seeking exemption consideration from only the Renaissance Zone Authority.

The first meeting will start at 1 p.m. Tuesday in the city commission chambers of city hall.

The following are snapshots of the four projects that will be reviewed by city officials on Tuesday.

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Mercantile building

A project planned for the area of 401 Broadway North and 410 and 412 5th St. N., formerly home to a Goodyear service station, envisions a six-story, 115,000-square-foot building with 370 structured parking stalls.

It would include ground floor commercial space, as well as 100 apartment units and for-sale townhomes adjacent to the Great Northern Cycle store to the north.

The project, valued at about $17.6 million, is referred to as the Mercantile building as an homage to a mercantile building that once stood on the site before it was demolished and replaced with the Goodyear building.

The project is seeking a tax exemption from the Renaissance Zone Authority only.

Former Nestor site

A project is also planned for the area of 1001 and 1011 NP Ave. N., which had been home to businesses that included the Nestor lounge.

Valued at about $27 million, the project anticipates construction of a four-story, 220,000-square-foot mixed-use space, including 230 ground floor and structured parking stalls, a corner restaurant and three floors of market-rate residential units totaling 160 units.

The project is seeking tax exemptions from both the Renaissance Zone Authority and the TERC.

Transforming parking lots

In addition, a project valued at about $19.3 million is planned for the area of 617 and 621 First Ave. N., which is currently parking lot space.

The project envisions a six-story, 140,000-square-foot mixed-use project with ground floor commercial and retail space as well as five floors of market-rate residential units totaling 95 units. Parking will include underground parking.

The project is seeking tax exemptions from both the Renaissance Zone Authority and the TERC.

Former Dakota Electric Supply site

A fourth project is planned for an area near 1017 Fourth Ave. N. that had been home to the former Dakota Electric Supply Co.

The project is valued at about $12 million and anticipates a five-story structure, with four floors devoted to apartments and parking on the ground floor. It would create 68 apartment units and 90 parking stalls.

The project is seeking a tax exemption from the TERC only.

If the Renaissance Zone Authority grants the requested tax exemptions, it would mean that for a period of five years taxes would be paid on the property based on the value of the property before improvements were made.

Taxes would be paid on the full value of the improved property starting in year six.

If the TERC grants the requested tax exemptions, it would mean that from year one of the project through year five, the property owner would pay the regular, historical taxes on a property as though it was not being improved and in year six taxes on the property would start ratcheting up.

Mike Allmendinger, president of Kilbourne Group, said if the tax exemptions being asked for are granted, the four projects would still pay, in total, about $7 million from the first year to year 15 of the projects.

He added that the projects likely would not happen at all if the exemption programs were not available.