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New Prague council schedules Nov. 4 public hearing on Yellow Tree tax‑abatement request

New Prague City Council · October 7, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The council voted to schedule a Nov. 4 public hearing on a developer request for a tax abatement tied to a proposed 150+‑unit Yellow Tree apartment project; staff said county and school district participation appears unlikely and residents raised concerns about tax impacts.

The New Prague City Council voted to schedule a public hearing on Nov. 4 to gather public comment and additional information on a tax‑abatement request from Yellow Tree Development for a proposed 150+‑unit apartment project.

Planning staff told the council the developer initially requested an abatement that could amount to 75% of taxable value for up to 15 years, but clarified the current…

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