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Council sets public hearing for economic revitalization area, tax abatement for manufacturing equipment
Summary
Greenwood Common Council approved a resolution to declare a city area an economic revitalization area for manufacturing equipment tax abatement and set a public hearing as part of the second-reading action on Jan. 6, 2025.
The Greenwood Common Council on Jan. 6 advanced Resolution No. 2415, which amends a prior resolution to declare a specified area within the city an economic revitalization area and to permit tax abatements for certain manufacturing equipment. The council's action set the time and place for a public hearing on the proposal.
Sponsor Councilmember Hopper introduced the resolution. The council conducted a second-reading roll call and recorded approval; the transcript indicates the measure moved forward without extended debate and with no public comment recorded at that moment.
Resolution No. 2415 updates the city's designation of an economic revitalization area and provides the statutory framework for considering property tax abatements tied to qualifying manufacturing equipment. The measure directs staff to advertise and hold the public hearing at the time set by the council.
The transcript does not specify the exact parcels or businesses affected, the dollar amounts of any proposed abatements, or the public hearing date and time beyond the council's action to set a hearing. Those specifics will be developed and posted by city staff as part of the notice process preceding the public hearing.
