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Council creates Eagletown ERA and preliminarily approves Trailside Business Center abatement
Summary
Council voted 6–0 to create the Eagletown economic revitalization area and to give preliminary approval to a real‑property tax abatement package for the Trailside Business Center (I3 Investors) that phases in abatement over time to support construction of speculative industrial buildings and trail improvements.
The City Council adopted a declaratory resolution creating the Eagletown Economic Revitalization Area and gave preliminary approval to a real‑property tax abatement for the Trailside Business Center project, the council recorded a 6–0 vote on the motion to adopt.
What the resolution does: staff described the combined action as a twofold step: establish a geographic ERA that includes the parcels proposed for development at roughly 947 West State Road 32 and preliminarily approve a tax‑abatement schedule for I3 Investors LLC to support construction of speculative industrial buildings and public improvements. The confirmatory resolution and a public hearing on the ERA will appear on the council’s next meeting agenda for final action.
Project and timing: Weston Rogers of the Community…
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