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Council adopts CRA date amendment for proposed Swan's property development
Summary
Ordinance 16-2020, adopted April 3, 2020, authorizes the village administrator to amend and restate a Community Reinvestment Area (CRA) agreement with FC Realty LLC to change project dates for the Swan's property development because of pandemic-related closing delays.
Unidentified Speaker 1 introduced Ordinance 16-2020, which authorizes the village administrator to amend and restate a Community Reinvestment Area agreement with FC Realty LLC to provide a real property tax exemption pursuant to the village's existing CRA. The chair described the change as a date modification to accommodate delays caused by the COVID-19…
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