TITLE: Title
A RESOLUTION BY THE TROTWOOD CITY COUNCIL AUTHORIZING THE CITY MANAGER TO ENTER INTO A COMMUNITY REINVESTMENT AREA ABATEMENT AGREEMENT WITH GATED PROPERTIES GLOBAL II, LLC FOR A ONE HUNDRED PERCENT (100%) REAL PROPERTY TAX ABATEMENT FOR A PERIOD OF FIFTEEN (15) YEARS FOR THE DEVELOPMENT OF A 100,000 SQUARE FOOT INDUSTRIAL FACILITY.
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PURPOSE: Authorize the City Manager to enter into an Agreement
DEPARTMENT: Trotwood Community Improvement Corporation
CONTACT INFORMATION: Chad Downing, Executive Director
INFORMATION: The City has the authority to provide certain types of projects with incentives to encourage the development of real property.
FISCAL & STAFF IMPACT: This agreement grants a one hundred percent (100%) real property tax abatement for a period of fifteen (15) years.
RECOMMENDATION: Recommend Approval