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Premier Homes seeks tax abatement tied to new Economic Revitalization Area; council to consider ERA creation
Summary
Premier Homes (Classic Trust) presented a proposal to build a new warehouse and expand operations in Clarksville and asked the council to establish an Economic Revitalization Area (ERA) to allow a 10‑year property-tax abatement; staff said the company expects about $1,000,000 in improvements and anticipated job growth.
Representatives of Premier Homes (also identified in the transcript as Classic Trust) outlined plans to build a new warehouse to consolidate lumber storage and expand operations in Clarksville. Economic-development staff said the site is not currently in an Economic Revitalization Area (ERA), so the council would first need to adopt a preliminary resolution to create an ERA and schedule a public hearing; after that process a confirming resolution could finalize the ERA and allow consideration of a tax abatement.
Company representatives and staff discussed projected improvements of about $1,000,000 and hiring plans to expand payroll; the staff package included a 10‑year abatement schedule that begins with 100% in year one and steps down towards full tax liability. Staff said the formal abatement request and supporting ERA resolution would likely be before the council at a future meeting; no action was taken at this session.
