TO DESIGNATE AN ECONOMIC REVITALIZATION AREA, APPROVE THE STATEMENTS OF BENEFITS, AND AUTHORIZE PERIODS OF ABATEMENT FOR REAL PROPERTY IMPROVEMENTS - Re: Property Located at N. Kinser Pike and Identified by the Monroe County Parcel ID Number 53-05-28-300-170.000-005 (015-38250-00) (Naples, LLC, Petitioner)
This resolution designates one parcel owned by Naples, LLC on N. Kinser Pike as an Economic Revitalization Area (ERA). This designation was recommended by the Economic Development Commission and will enable the proposed residential redevelopment project to be eligible for a tax abatement. The resolution also approves the Petitioner's Statement of Benefits, authorizes a seven-year period of abatement for real property improvements, and sets a deduction schedule. Further, the resolution declares the intent of the Council to hold a public hearing on June 28,2017 to hear public comment on the ERA designation.
| Committee |
2017-06-07 |
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| Final |
2017-06-14 |
Failed |
4-4 (Ruff, Chopra, Granger, Piedmont-Smith) (Rollo absent) |
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