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Council annexes Abare property for planned commercial development; zoning to be C-4 and incentives discussed
Summary
The council approved annexation of several Abare-owned parcels into the city to enable a future commercial development; councilors discussed zoning, parish review, property owners’ purchase agreements and potential use of an economic development district rather than a city TIF layer.
The New Iberia City Council approved an ordinance to annex five parcels owned by the Abare family into the city limits to enable an unnamed future commercial development.
Mayor (name on file) said the properties are under purchase agreements and that landowners and resident voters had signed a petition for annexation. Council members noted the parcels will be zoned C-4 after annexation and will become part of District 3 for council representation.
Council discussion emphasized steps still to come: the parish must approve related zoning actions on its side, the developer must present detailed plans, and the council expects to consider forming an Economic Development District and related incentive package similar to arrangements the city used for a prior truck-stop development. The mayor noted the parish already has a TIF district covering portions of the area and said the city elected not to layer an additional TIF tax; council members discussed competitive fairness if multiple incentive layers were applied.
Several council members confirmed the annexation will remove existing homes in the mapped parcels as part of the planned commercial conversion; staff said homeowners in parcels had been notified and were under purchase agreements.
Ending: The ordinance to annex the Abare parcels passed; city staff will work with the parish and the developer on zoning, utility and incentive steps that follow annexation.
