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Davenport City staff seeks council support letter for company's state incentive application
Summary
City staff asked the council to consider a resolution of support for a company applying for state incentives; staff said the URTE exemption itself is not being approved now and explained URTE’s 10-year schedule and how a new tenant’s improvements could add a separate exemption period.
Davenport City staff asked the council to consider a resolution of support for a company seeking state economic incentives, clarifying that the city would not be approving a tax exemption at this meeting but would supply a support letter for the company's state application.
"The only part of this agenda item really for you all is to consider a resolution of support for their application to the state for…
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