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Troy finance committee backs cooperative agreement to enable Terrace Ridge sales-tax exemption
Summary
The Troy City Council finance committee unanimously recommended that the full council authorize the director of public service and safety to execute a cooperative agreement with the Dayton Montgomery County Port Authority to enable a sales-tax exemption for the Terrace Ridge apartment project; staff said the city would have no financial responsibility.
Todd Sievert, chairman of the Troy City Council finance committee, said the committee unanimously recommended that the full council authorize the director of public service and safety to execute a cooperative agreement with the Dayton Montgomery County Port Authority to facilitate a sales-tax exemption for the Terrace Ridge apartment project.
Mr…
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