White Transfer plans expansion
Webster County supervisors pledge financial aid to project
A moving and storage company plans to add a 50,000-square-foot building to its facility west of Fort Dodge.
On Tuesday, the Webster County Board of Supervisors declared its intent to use tax increment financing to help Crimmins Investment LLC with the $2 million project.
The new building will be at the White Transfer & Storage Co. Inc. site on Webster County road D20 between Fort Dodge and Moorland.
The company built a similar warehouse there last year.
”It shows there’s a lot of businesses making investments in Fort Dodge and Webster County,” Supervisor Keith Dencklau said.
No one from the company addressed the board Tuesday.
The Board of Supervisors voted unanimously to declare its intent to use tax increment financing to support the project. Tax increment financing occurs when increased property tax revenue from a designated area is reinvested in that area.
The preliminary plan outlined in documents presented to the board calls for rebating to the company seven years worth of its increased property tax payments in 10 equal installments over a decade.
A development agreement with the company will now be drafted.