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TO AMEND RESOLUTION 04-02 WHICH DESIGNATED AN ECONOMIC REVITALIZATION AREA (ERA), APPROVED A STATEMENT OF BENEFITS AND AUTHORIZED A 10-YEAR PERIOD OF ABATEMENT -Re: The Woolery Stone Mill Parcel at 2200 West Tapp Road (Woolery Ventures LLC, Petitioner)

This resolution amends Resolution 04-02 which designated an Economic Revitalization Area at the Woolery Stone Mill building at located north of the intersection of Kegg Road and West Sunstone Drive and currently addressed as 2200 West Tapp Road, approved a Statement of Benefits, and granted a 10-year tax abatement on improvements to the building. The amendment provides for a specific termination date of the ERA of December 31, 2018, and allows for a tax abatement on the real estate improvements for a period of 10 years provided that the Project commences prior to the ERA expiration date. The public hearing on this resolution will be held during the public comment on this item at the Common Council Regular Session scheduled for November 13, 2013 at 7:30 p.m. in the Council Chambers (City Hall, 401 North Morton Street, Room 115

Amends CodeNo
Committee 2013-11-06 7-0-1 (Ruff) (Rollo absent)
Final 2013-11-13 Passed 6-2 (Ruff, Rollo) (Volan not yet arrived)
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