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TO CONFIRM RESOLUTION 17-30 WHICH DESIGNATED AN ECONOMIC REVITALIZATION AREA, APPROVED A STATEMENT OF BENEFITS, AND AUTHORIZED PERIODS OF ABATEMENT FOR REAL PROPERTY IMPROVEMENTS - Re: Property Located at N. Crescent Road and Identified by the Monroe County Parcel ID Number 53-05-32-200-006.001-005) (Union Development at Bloomington GP, LLC, Petitioner)

This resolution confirms Resolution 17-30, and designates one parcel owned by Union Development at Bloomington GP, LLC as an Economic Revitalization Area ("ERA"). This designation was recommended by the Economic Development Commission and will enable the proposed housing development, which includes affordable housing, to be eligible for tax abatement. The resolution also subjects a ten-year period of abatement for real property improvements and sets its deduction schedule.

Amends CodeNo
Final 2017-09-27 pass 7-0 (Sturbaum, Rollo absent)
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