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Council approves first readings to authorize tax abatements for two Old Town redevelopment projects
Summary
The Belton City Council approved first readings to designate redevelopment projects and authorize tax abatements for improvements at 515–519 Main Street ($206,764) and 704 Main Street ($154,000). Staff and the Old Town Redevelopment Corporation recommended approval; council asked staff to certify exterior vs. interior costs during cost certification before final abatement certification.
The Belton City Council on first reading approved tax-abatement authorizations for two Old Town redevelopment projects, moves that clear the way for city staff to certify improvements and for property owners to pursue state-authorized abatement benefits.
Planning staff said the Meet Me On Main/Chamber of Commerce building at 515–519 Main Street is seeking $206,764 in interior and exterior improvements. Staff estimated that, over a 12-year abatement period, property taxes could…
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