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Hendrum Offers Incentives to Prospective Homeowners - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Hendrum Offers Incentives to Prospective Homeowners

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They've been devastated by floods in the past, but now one small community in the valley is looking ahead to a brighter future.

Hendrum, Minnesota officials say the town is now protected against the next flood and that means room for growth.

Valley News Team's Hope Hanselman traveled to the town today to show us how they're luring prospective homeowners.

A sign along the highway driving into the city of Hendrum reads: "if you lived here you'd be home now." It's a saying by which most folks in town live.

In Hendrum, it's not the size of the population (307, according to the last census) but the number of open arms that Mayor Cut Johannson says welcome you home.

"I think we've perfected small town living here," Johannson said.

Now, city officials have posted a new sign- one that's sure to keep heads turned. It stands outside an expansion project known as the Wild Rice Addition and reads: "1st Lot Only $1."

"The average lot is valued at $9,900," Johannson said. "We are willing to sell the first lot for a dollar with no city special assessments to the first committed, qualified individual."

That's more than 100,000 square feet... For a buck?

"If you want to get a good deal, now is the time to do it," John Kolness, Chairman of the Hendrum Economic Development Authority, said.

Thanks to a new ring dike around city limits, homeowners are now protected against the flood, which means the 21 lots in the Wild Rice Addition are primed for sale.

"If a young family is looking to fulfill their American dream of building their own home, getting their own lot- a good sized lot- for a dollar and then getting no city special assessments on top of that they would save roughly $50,000," Kolness said.

But, incentives don't stop there. The city will reduce property taxes and throw in two years of free utilities.

So, with room to grow in Hendrum, these folks are proving "small town" is just a state of mind. One that, according to Mayor Johannson, will "never leave regardless of how big you grow."

The dollar-offer applies only to the first applicant to build on one of the lots. However, anyone who applies will get a list of other incentives. To apply, click here.

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