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Community Investment committee advances Lafayette Falls annexation fiscal plan and three tax-abatement requests
Summary
The committee forwarded the Lafayette Falls annexation fiscal plan and three tax-abatement items to the full council with favorable recommendations: a two-year vacant building abatement for the Studebaker administration building, and real- and personal-property abatements tied to a GTA Containers expansion.
The Community Investment Committee forwarded a fiscal plan for the Lafayette Falls annexation area and approved favorable recommendations for three tax-abatement measures: a vacant building abatement for the Studebaker administration building and two abatements to support a GTA Containers expansion.
Skip Morrell, principal development planner, summarized the Lafayette Falls annexation fiscal plan. The proposal covers roughly 45 acres south of the earlier Lafayette Falls phase and west of US-31; planned development was described as roughly 100 to 110 single-family lots. Morrell said no city capital…
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