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Crown Point committee renews most tax abatements, flags six properties for closer review
Summary
The Crown Point City Human Resources and Economic Development Committee on May 5 recommended renewal of a list of commercial tax abatements and agreed to monitor six properties that fell short of projected employment or assessed-value targets, with possible corrective action next year if targets are not met.
The Crown Point City Human Resources and Economic Development Committee on May 5 recommended renewal of tax abatement agreements for a group of commercial properties and agreed to keep six other properties under increased monitoring after staff said those six fell short of projected employee or valuation figures.
Attorney Dan Camudio, who represents several petitioners, told the committee that state SB-1 forms require applicants to provide estimates and that the city and council must judge the reasonableness of those estimates. "The character of this abatement application and annual compliance is stunning, for lack of better words," Camudio…
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