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Elyria finance committee approves continuation of enterprise-zone and CRA abatements on TIRC recommendation
Summary
The committee voted to follow the Tax Incentive Review Council's recommendation to continue current enterprise-zone and community reinvestment area abatements; the council reported all companies were in compliance and asked for an emergency clause to meet a March 30 state reporting deadline.
The Elyria Finance Committee voted to accept the Tax Incentive Review Council—s recommendation to continue existing enterprise-zone and community reinvestment area (CRA) tax abatements, after the TIRC reported that participating companies were in compliance with their agreements.
Director Scott, presenting the TIRC report, said, "All of the companies, were in compliance with their agreements. They all paid their fees." The TIRC met Feb. 13 and recommended that…
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