City of Trotwood - File #: R22-39

• File #: R22-39
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 8/3/2022
• In control: City Council
• On agenda: 8/5/2022
• Final action: 8/5/2022
• Title: A RESOLUTION BY THE TROTWOOD CITY COUNCIL AUTHORIZING THE CITY MANAGER TO ENTER INTO A COMMUNITY REINVESTMENT AREA ABATEMENT AGREEMENT WITH TPN GOLF PROPERTIES, LLC FOR A FIFTY PERCENT (50%) REAL PROPERTY TAX ABATEMENT FOR A PERIOD OF FIFTEEN (15) YEARS.

Date	Ver.	Action By	Action	Result
8/5/2022	1	City Council	approved	Pass

 TITLE: Title

A RESOLUTION BY THE TROTWOOD CITY COUNCIL AUTHORIZING THE CITY MANAGER TO ENTER INTO A COMMUNITY REINVESTMENT AREA ABATEMENT AGREEMENT WITH TPN GOLF PROPERTIES, LLC FOR A FIFTY PERCENT (50%) REAL PROPERTY TAX ABATEMENT FOR A PERIOD OF FIFTEEN (15) YEARS.

Body

PURPOSE:  Authorize the City Manager to enter into an Agreement

DEPARTMENT: Trotwood Community Improvement Corporation (TCIC)

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 fifty percent (50%) real property tax abatement for a period of fifteen (15) years.

RECOMMENDATION:  Recommend Approval