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Council adopts emergency ordinance extending FCA Realty CRA tax-abatement deadline
Summary
The Village adopted Ordinance 1 (emergency), authorizing a third amended and restated CRA agreement with FCA Realty LLC to extend real-property tax-abatement deadlines while the property closing is completed; council suspended three readings and voted to adopt by roll call.
The Village of Fairfax council adopted Ordinance 1 (2021), authorizing the village administrator to execute a third amended and restated community reinvestment area (CRA) agreement with FCA Realty LLC (Chrysler) to extend deadlines in an existing real-property tax-abatement arrangement. The Administrator said the amendment extends deadlines previously agreed so FCA Realty can complete the property's closing.
The council moved to suspend the three readings and, after a roll-call, recorded unanimous 'aye' responses and declared Ordinance 1 adopted as an emergency measure to expedite the amendment. The Administrator and counsel (Mister Abbas) were present to answer questions and the Administrator invited members to raise questions when the item appeared under new business.
A councilmember asked about executing the attached exhibit; the Administrator confirmed the member could sign, scan and email the approved form to staff, who would forward it to FCA Realty for completion.
