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Council adopts resolution to designate Jay Wagler Family Properties area as economic revitalization area
Summary
The Daviess County Council adopted a resolution designating property owned by Jay Wagler Family Properties as an economic revitalization area to permit consideration of real‑ and personal‑property tax abatements; a public hearing and a confirmatory resolution will follow and council members discussed a suggested 10‑year real‑property schedule and a five‑year personal‑property schedule.
The Daviess County Council on May 13 adopted a resolution to designate a parcel at 13090 North 500 East in El Nora as an economic revitalization area under Indiana law, opening the process for possible real‑ and personal‑property tax abatements for Jay Wagler Family Properties.
A presenter read the statutory findings and explained the next steps: required public notice, a public hearing, and a confirmatory resolution after any hearing and remonstrances. The council discussed the abatement schedule and agreed to propose a 10‑year real‑property schedule at 10% per year and a five‑year personal‑property schedule at 20% per year, to reflect recent changes in state personal‑property categories.
"The real estate is hereby designated as an economic revitalization area...for purposes of granting both real property and personal property tax abatements pursuant to the application submitted by Jay Wagler Family Properties," the presenter read while summarizing the required public‑notice and hearing steps.
Why it matters: The designation starts a formal local process that can make the property eligible for tax abatements tied to redevelopment and job creation. The council emphasized that final approval will follow the public‑notification, hearing and confirmatory resolution steps.
Next steps: Notice of a public hearing will be published and a confirmatory resolution will be placed on a subsequent council agenda; the council indicated the confirmatory resolution would include the finalized abatement schedules.
