Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Abatement Cra 36 42 W First St topic
No spam. Unsubscribe anytime.
Council considers 15-year tax abatement for improvements at 36–42 W. First St.
Summary
Council reviewed a Community Reinvestment Area (CRA) agreement that would grant tax abatements on improvements at properties 36–42 West First Street for up to 15 years; council recorded votes on a motion to suspend readings during the meeting.
London City Council considered an ordinance authorizing a Community Reinvestment Area agreement for properties at 36–42 West First Street that would grant a tax abatement on improvements for up to 15 years.
Council discussion noted the properties had already begun work and that the abatement and term described were at the maximum percentages and length the city can grant. Council voted on a motion to suspend the three-reading rule for the ordinance; recorded votes included several yes votes and at least one no vote. Council members said the item would remain on the agenda for further action.
