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Council approves cooperative agreement with Port Authority for Terrace Ridge rehab project
Summary
Council adopted a resolution authorizing a cooperative agreement with the Dayton Montgomery County Port Authority to enable sales-tax-exemption participation and support rehabilitation of the Terrace Ridge apartment complex at 1312 Macaig Avenue; council recorded a roll-call adoption of the resolution.
Troy City Council on May 4 adopted a resolution authorizing the Director of Public Service and Safety to execute a cooperative agreement with the Dayton Montgomery County Port Authority related to the Terrace Ridge rehabilitation project.
Finance Committee Chair Mr. Seivert told council the project involves rehabilitation of the existing 167 low- to moderate-income garden-style residential units at 1312 Macaig Avenue. Committee members reported the rehabilitation will include 50 studios, 81…
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