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Finance committee backs 50% tax-exemption draft for Stanley Steemer, defers Premier CRA
Summary
At a June 16 finance committee meeting reported to the City Council June 23, members recommended drafting a Community Reinvestment Area (CRA) for Stanley Steemer that would offer a 50% property tax exemption over 15 years and declined to approve a separate Premier CRA proposal pending more details and possible school-board involvement.
The Wickliffe Finance Committee recommended creating legislation for a Community Reinvestment Area (CRA) that would offer Stanley Steemer a 50% property tax exemption on decreased property value over 15 years, and declined to approve a separate Premier CRA proposal at this time.
The committee reported at the June 23 City Council meeting that members, including Mayor Sackas and Finance Director Hunter, had reviewed the Stanley Steemer…
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