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Commissioners set public hearing on tax abatement and economic development agreement for Hochschild Farms LLC
Summary
The commission approved a declaratory resolution designating an economic revitalization area for property known as Hochschild Farms LLC and set a public hearing for March 12 to consider a potential tax abatement and a concurrent economic development agreement.
The chair told the board that the commission would consider a declaratory resolution to set the terms for a potential tax abatement and to designate an economic revitalization area for property identified in the transcript as Hochschild Farms LLC.
"Today's declaratory resolution, designating the property here known as Hochschild Farms LLC," the chair said, explaining that a public hearing would be scheduled and that adoption of the declaratory resolution does not bind the board to an abatement without the hearing and further approvals.
The chair said the public hearing will be held at the board's next meeting on March 12 and that an economic development agreement will be developed in the background and returned for consideration. Commissioners noted conflicts with March 11 and agreed to meet on March 12 so the hearing could be held.
No abatement or development agreement was finalized at the meeting; the board approved the declaratory resolution and directed staff to prepare the public hearing notices and the eventual economic development agreement for later action.
