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Committee establishes business district and redevelopment plan for proposed Spring Hill Suites
Summary
The Community Development Committee approved ordinances to create a business district at West Highway 50 and North Greenmount Road, impose up to an additional 1% tax, and recommended a redevelopment agreement to reimburse eligible developer costs estimated at about $18.22 million.
The Community Development Committee advanced a three-part package to enable a Spring Hill Suites hotel and associated development at the northwest quadrant of Highway 50 and North Greenmount Road. The committee approved an ordinance establishing the district boundary (Ordinance 2.2) and a separate ordinance imposing the business-district tax of up to 1 percent (Ordinance 2.3). Staff said the tax may apply to up to three tax types — hotel-motel tax, sales tax and certain service taxes — but the total additional tax is capped at 1 percentage point and a business within the district may elect which eligible tax type to collect. "That 1% is the max. It's not gonna be like 3%." a…
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