Davison County Planning and Zoning Commission to consider tax increment financing district

MITCHELL — The Davison County Planning and Zoning Commission will take a look at the proposed formation of a tax increment financing district to help with costs associated with the proposed High Plains Processing plant, which is scheduled to begin construction in the fall of 2023 near Mitchell.

The meeting of the planning commission is expected to take place at 7 p.m. Tuesday, April 4 at the Davison County Commissioner's Room in the North Offices Building, 1420 North Main Street.

The purpose of the review is to consider the project plan and the establishment of boundaries of the Davison County Tax Increment Financing District No. 4 at the request of High Plains Processing. The primary objective of TIF 4 is to assist with the project costs of the proposed High Plains Processing plant.

The proposed site is located two miles south of I-90 just off Highway 37 in Davison County. The site is located adjacent to the BNSF railway mainline and within close proximity of power, natural gas and water access, according to supplemental materials in the meeting agenda.

This TIF Project will be instrumental in offsetting costs for the extension of existing infrastructure as well as the addition of turning lanes to assist with traffic on and off the site. The various infrastructure and site improvements of the project are necessary to complete the proposed project within the TID, according to the agenda supplemental materials.

The creation of Davison County TIF 4 must be conditioned upon the creation of the district by resolution, and the establishment of the TID boundaries and approval of the TID project plan by the Davison County Planning and Zoning Commission, according to agenda materials.

The Davison County Planning Commission voted unanimously last year to advance a planned $500 million South Dakota Soybean Processors’ facility south of Mitchell. Later the commission voted unanimously to grant a conditional use permit to the South Dakota Soybean Processors for the company’s facility.

The meeting is open to the public.