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Presenter urges City of Perry to nominate census tracts for Opportunity Zones before April 30 deadline
Summary
A city presenter asked the council to nominate several census tracts in the City of Perry for Opportunity Zones 2 designation, noting current designations expire in 2027 and that the submission deadline to the governor is April 30; council members indicated support during discussion.
A presenter to the City of Perry council on March 10 asked the council to support submitting several census tracts for Opportunity Zones 2 designation, saying the governor’s office must receive nominations by April 30.
The presenter described Opportunity Zones as a capital-gains tax–based incentive for private investment, not a property-tax abatement. He identified census tracts 9503.01 and 9503.02 as priority areas inside city limits and mentioned additional tracts (including 9501) that would extend beyond Perry’s borders. “If we miss this mission deadline, we get to wait 10 years,” the presenter said, urging the council to act to preserve the investment incentive for local businesses.
Council members asked clarifying questions about the map and the tracts’ locations; the presenter asked staff to show a map on the meeting monitor to illustrate the sites. The presenter emphasized transportation corridors (US 98, US 19 and US 27 corridors) as advantageous features for potential investors.
The presenter said the tracts now designated under Opportunity Zones 1 expire in 2027 and that the application to nominate tracts for Opportunity Zones 2 must go to the governor’s office, which has a statewide limit on the number of tracks it can approve. The presenter asked the council for formal support and assistance in submitting the recommended tracts.
Council members signaled assent during the discussion and asked staff to follow up; the presenter reiterated the April 30 deadline. The council did not record a detailed roll-call tally in the transcript for this agenda segment; the presenter and staff will provide maps and next steps for a formal submittal.
Next steps: staff and the presenter will prepare the nomination materials and return to the council to confirm formal authorization and submission details before the April 30 deadline.
