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Portage County objects to Magadore’s proposed TIF districts, urges negotiation on 30-year, 100% exemption
Summary
Commissioners voted to object to the Village of Magadore’s proposed tax-increment financing districts that would grant up to 30 years and 100% exemptions for improvements, and said they want to negotiate shorter or phased abatements.
The Portage County Board of Commissioners on Oct. 16 voted to object to the Village of Magadore’s notice of intent and proposed ordinances establishing two tax-increment financing (TIF) districts that, as presented to the county, would exempt improvements from taxation for up to 30 years and could exempt more than 75% of the improvement value.
County Administrator Becky (identified in the transcript by first name) told the board she did not support a 30-year, 100% exemption as presented and recommended the county send an objection and invite the village to negotiate more limited terms such as a shorter term or a phased abatement (for example, 10 years at 75% or staged steps). Commissioners said they share reservations about the length and size of the proposed exemption and indicated they would seek a discussion with village representatives before granting concurrence.
On a roll call the board adopted a motion formally objecting to the proposed Magadore Tax Incentive District No. 1 and No. 2 as drafted and authorized outreach to the village for negotiation. Commissioners said the area under consideration is the village’s largest development area and that county interests warrant closer review of abatement terms.
The vote was unanimous among those recorded in the roll call. The transcript does not record any revised ordinances or negotiating positions from Magadore; the board’s action was an objection and an invitation to the village to come before the county to discuss alternative terms.
