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Committee recommends rescinding CRA agreement for 135 West Indiana after project delays
Summary
Committee members agreed to move legislation to rescind the Community Reinvestment Area (CRA) agreement for 135 West Indiana so the property owner can reapply with a revised timeline after construction delays and administrative mismatches.
The Perrysburg Finance and Economic Development Committee agreed to recommend legislation to rescind a Community Reinvestment Area (CRA) agreement covering 135 West Indiana — the “Blue House” next to Wayne Cask’s office — after project delays and an ownership-name mismatch in the original agreement.
The action matters because CRA agreements provide tax abatements tied to property improvement timelines and value capture; rescinding the agreement will let staff “clean up our books” and avoid reporting a…
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