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5106-24 Confirming Resolution - 530 South Michigan Street Real Property Tax Abatement
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5106-24 Confirming Resolution - 530 South Michigan Street Real Property Tax Abatement
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12/19/2024 4:28:16 PM
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12/18/2024 11:09:56 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
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EXHIBIT A <br /> Abatement Schedule <br /> Subject to the adoption by the SBCC of a resolution confirming the adoption of Declaratory Resolution <br /> No. 5103-24, the property owner is qualified for and is granted a mixed use development real <br /> property tax abatement for a period of eight(8) years as shown by the schedule outlined below. <br /> Year 1 - 100% <br /> Year 2-90% <br /> Year 3 - 80% <br /> Year 4- 70% <br /> Year 5 -60% <br /> Year 6- 50% <br /> Year? - 50% <br /> Year 8 - 50% <br /> 6 <br />
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