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Fairfax council adopts extension and CRA tax-exemption agreement for former Swellam site with FCA Realty
Summary
The Village of Fairfax council on March 15 adopted Ordinance 8-20-21 authorizing execution of a fifth amended CRA agreement with FCA Realty LLC, extending the closing deadline into May and declaring an emergency to allow immediate effect.
The Village of Fairfax council on March 15 adopted Ordinance 8-20-21 to authorize the village administrator to execute a fifth amended and restated Community Reinvestment Area (CRA) agreement with FCA Realty LLC, providing a real-property tax exemption for the proposed development at the former Swellam site.
The ordinance, introduced under new business, includes a deadline…
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