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Council approves Lawrence Bay RHID despite resident objections about past unpaid assessments
Summary
The council approved a reinvestment housing incentive district (RHID) for a Lawrence Bay parcel amid sharp public criticism that the developer has unpaid special assessments and limited financial assurances; staff said the RHID includes conditions and a cap on developer return.
The City Council voted to establish a reinvestment housing incentive district (RHID) for L.B. Lots LLC(Lawrence Bay) on Aug. 12 after a contentious public hearing in which opponents warned the deal would redirect tax revenue and relieve a developer of prior financial obligations.
At the hearing Danielle Tremlo, a resident and community advocate, urged the council to reject the RHID and described a wide-ranging financial picture that she said advantages the developer at taxpayers' expense. Tremlo asserted the developer had outstanding special assessments on many properties and said the RHID and CID structure would shift costs to future homeowners. "This shifts this money to the special assessments to future homeowners avoiding any responsibility," Tremlo said; she also said the city's…
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