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Planning committee approves temporary JED expansion to tax construction on Swan Lake phases 5 and 6
Summary
The Akron Planning Committee approved an ordinance to temporarily add three Summit County parcels to the Copley-Akron joint economic development (JED) district so the city can collect income tax on construction labor and infrastructure during the building of Swan Lake phases 5 and 6; collections end for each parcel when a certificate of occupancy is issued.
At its planning committee meeting, the Akron City Council approved an ordinance to temporarily add Summit County parcels 1505630, 1504125 and 1504082 to the Copley-Akron joint economic development (JED) district so the city can collect income tax on construction labor and infrastructure work during construction of Swan Lake phases 5 and 6.
Clerk Sarah Viviano read the ordinance as "item number 11 under new legislation," describing the change as a temporary amendment to the JED…
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