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Mentor board approves revised tax-exemption deal for Uptown Manor development
Summary
The Mentor Exempted Village Board of Education voted unanimously Dec. 9 to rescind a 2020 tax-exemption agreement and approve a new real-property tax-exemption/compensation agreement for the Uptown Manor project after public comment and staff explanation of projected revenue impacts.
The Mentor Exempted Village Board of Education voted unanimously on Dec. 9 to rescind a 2020 real-property tax-exemption agreement and approve a new exemption and compensation agreement under Ohio Revised Code sections 5709.4 and 5709.41 tied to the Uptown Manor development.
The action follows public comment both opposing and supporting the abatement. Linda O’Brien, who identified herself as a business consultant, urged caution and asked who would bear the cost of any tax abatement, saying "whenever you give away money ...…
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