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Council adopts resolution declaring economic revitalization area, sets public hearing for tax abatement
Summary
The Greenwood Common Council voted unanimously to adopt a resolution declaring an economic revitalization area and qualifying certain real property improvements for tax abatement; the resolution sets a public hearing and passed 8-0.
At a Greenwood Common Council meeting in June, council members voted to adopt a resolution declaring a portion of the city an economic revitalization area and qualifying certain real property improvements for tax abatement. The measure, identified in the agenda as Resolution No. 25-— and sponsored by Council members Campbell and Hopper, passed by voice vote and was recorded as 8 to 0 in favor.
The resolution…
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