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Commission recommends 10‑year tax abatement for downtown property to Common Council
Summary
The commission recommended the maximum time period (translated from an average score of 108.4) — a 10‑year real-estate tax abatement for the Esteban Flores project at 862 16th Street, a downtown conversion to a co‑working and business development center; the recommendation goes to the Common Council for final approval.
The Bedford Redevelopment Commission voted to recommend a 10‑year real-estate tax abatement for the Esteban Flores improvement project at 862 16th Street, forwarding the recommendation to the Common Council for final action.
Greg presented the abatement scoring and said the commission’s average score for the application was 108.4, which translates to the maximum allowable time period. “The average score is 108.4…so, that would be the recommendation to the City Council,” Greg said.
A presenter described the property (formerly Vance Floor Covering and earlier an IGA grocery) and said Bon and Dolores (noted as the purchasers) plan to convert the long-vacant building into a co-working and business development center to support entrepreneurs and downtown revitalization. “This project is going to take a building that’s been vacant for quite some time and make it useful once again,” the presenter said.
Commissioners asked procedural questions about fee distribution and deferred that detail to the Common Council, noting the council will determine the annual percentage and distribution among organizations if the abatement is approved. The commission moved, seconded and voted to recommend the 10‑year abatement to the council.
The commission’s action was a recommendation only; the Common Council will review score details, set any annual percentage and finalize fee distribution if it approves the abatement. The transcript records no council decision during this meeting.
