A year ago, the Estherville City Council implemented the urban revitalization plan, which gives property tax relief to residents who build new housing.
On Monday, the council began the process of extending property tax relief to commercial and industrial property owners who build new or add to existing structures.
The original urban revitalization plan offers property tax relief on the first $75,000 of assessed valuation of a newly built home for the first five years.
The amendment to the revitalization plan would exempt 100 percent of the value of created by new construction for commercial and industrial property owners for three years.
"We want to encourage new development in any way possible," Estherville City Administrator Penny Clayton explained.
Council set a public hearing on the resolution for 5 p.m., Monday, April 15 in the council chambers at city hall.
In other business, council held a public hearing on the sale of excess city property at 315 Seventh Ave. N. to Kim Beck. With no objections at the hearing, council approved the sale for a price of $500.
Council also approved Mayor Kenny Billings' recommendation of Molly Struve to the Estherville Library Board to fill an unexpired six-year term through 2019.
Council also approved a resolution adopting an assessment schedule for the collection of unpaid invoices for the abatement of nuisances and other services as presented by city clerk Elizabeth Burton.