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EDC denies Pure Development waiver, approves a shorter 3‑year abatement with EDC fee
Summary
Pure Development asked the Franklin EDC to waive noncompliance tied to a missed Form 3 22 filing after a second Form 11; the commission denied the waiver but approved a separate 3‑year, reduced abatement and EDC fee for a spec building build‑out.
Franklin's Economic Development Commission declined Pure Development's request for a waiver of noncompliance over a missed Form 3 22 filing but approved a separate, shorter abatement for build‑out on the same spec building.
Staff explained that a second Form 11 — a tax assessment notice reflecting a building's final assessed value — was issued in June 2024 but the required Form 3 22 was not filed in time. That omission meant taxes for the affected portion had been calculated without the…
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