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Board holds public hearing and approves property‑tax abatement for parking‑lot projects
Summary
The board heard from its financial advisor and then approved a resolution granting property‑tax abatement for parking‑lot improvements and a related intent to issue tax‑payment bonds; the board authorized a maximum abatement amount of $2.6 million and expects bond sale actions in January.
The Westonka Public School District board held a public hearing on proposed property‑tax abatement tied to parking‑lot construction and, later in the meeting, approved a resolution to grant the abatement and move forward toward bond issuance.
Matthew (Matt) Hammer, the district’s financial advisor with Ehlers, led the public hearing and described the statutory framework and…
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