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Ottawa City Commission approves 10-year, 55% constitutional abatement for expansion facility
Summary
The commission approved a 10-year constitutional property-tax abatement of 55% for a company’s expansion facility, with a payment-in-lieu covering the remaining 45%; staff said the incentive aligns with the city’s policy for existing businesses.
The Ottawa City Commission approved an ordinance authorizing a constitutional property-tax abatement of 55% for a company’s expansion facility, to run for 10 years, and authorized the city to enter a payment-in-lieu-of-taxes agreement covering the remaining 45% that the abatement does not affect.
Unidentified staff explaining the ordinance…
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