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Alamogordo commission publishes ordinance consenting to county MRA limited to Patriot Point parcel
Summary
The commission voted to publish a first-reading ordinance consenting to Otero County's proposed metropolitan redevelopment area for the Patriot Point parcel only, reserving the right to set conditions (including a start/groundbreaking deadline) before final adoption.
The Alamogordo City Commission voted 7-0 on Nov. 18 to publish for first reading an ordinance consenting to Otero County's request to designate a metropolitan redevelopment area (MRA) for Patriot Point, narrowly limited to the parcel proposed for multifamily housing.
Chris Muirhead, public finance attorney, explained the mechanism: if the county creates an MRA and the parties agree, the developer could receive a seven-year abatement on the incremental property tax on the improved value (property taxes continue to be paid on…
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