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5023-23 Reconfirming the Adoption of Declaratory Res.: 520 S. Lafayette Blvd, SB, IN 8-Year Tax Abatement
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5023-23 Reconfirming the Adoption of Declaratory Res.: 520 S. Lafayette Blvd, SB, IN 8-Year Tax Abatement
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8/14/2023 12:04:16 PM
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6/23/2023 3:50:15 PM
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City Council - City Clerk
City Counci - Date
6/11/2023
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EXHIBIT A <br /> Abatement Schedule <br /> Subject to the adoption by the SBCC of a resolution reconfirming the adoption of Declaratory <br /> Resolution No.4921-21,the property owner is qualified for and is granted a multi-family residential <br /> development real property tax abatement for a period of eight (8) years as shown by the schedule <br /> outlined below. <br /> Year 1 - 100% <br /> Year 2 - 90% <br /> Year 3 - 90% <br /> Year 4 - 80% <br /> Year 5 - 70% <br /> Year 6 - 65% <br /> Year? - 55% <br /> Year 8 -45% <br /> 6 <br />
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