Council adopts resolution declaring economic revitalization area, sets public hearing for tax abatement

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 “declared in certain area within the city of Greenwood an economic revitalization area and qualifying certain real property improvements for tax abatement and setting the time and place for public hearing,” according to the version introduced on the council agenda. Council member Hopper moved the motion and a council member identified as Mone seconded it; the motion carried and the council set the matter for a public hearing as the resolution directed.

The action means the city has formally designated the area so that qualifying improvements there may be considered for tax abatement under whatever statutory framework applies; the resolution itself sets the process by which a public hearing will be held before abatement is granted. No public hearing date or hearing details were announced on the record at the June meeting.

Council members recorded the vote as 8 to 0 in favor. The resolution was sponsored by Campbell and Hopper and will proceed to the public hearing stage before any abatement is granted.

The council took no other substantive votes tied to the abatement at the June meeting; the item was adopted as introduced and will move forward through the public-notice and hearing process required by the resolution.