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New Prague council approves 15‑year tax abatement for proposed 54‑unit Ebert apartments
Summary
The City Council approved a 15‑year, tiered property‑tax abatement for a proposed 54‑unit Ebert apartment building after a public hearing with mixed testimony. Staff said the abatement is a "but‑for" incentive intended to spur market‑rate housing; opponents warned it risks reduced developer commitments and future taxpayer costs.
The New Prague City Council voted to approve a property‑tax abatement for a proposed 54‑unit apartment building by Ebert Construction after a public hearing Tuesday.
City Administrator Josh introduced the request on behalf of the developer, describing a 54‑unit market‑rate project on a roughly 1.6‑acre lot south of Walgreens with rents the developer estimates at $1,200–$1,800. Josh said the developer is requesting a 15‑year, step‑down abatement on incremental taxes (a higher abatement in the earliest years tapering to 33% in years 11–15) and estimated the total abatement at about $316,965. He framed the request as a "but‑for" incentive, saying the project would not proceed at market without the abatement and that it would bring new utility customers and permit/connection fees to the…
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