Quantcast



West Jeff expands boundaries for tax incentives

225 acres boosted for potential development

First Posted: 4:19 pm - August 4th, 2015 Updated: 5:54 pm - August 4th, 2015. - Views

By Brandon Semler - bsemler@civitasmedia.com



Story Tools:

Social Media:

West Jefferson Village Council approved a resolution Monday to expand the boundaries of its Northern Community Reinvestment Area (CRA), opening up the opportunity for further development in village.

The property consists of about 224 acres off U.S. Route 40 near the industrial park, according to the Madison County Auditor’s Office website.

A CRA is an area of land on which property owners can receive tax incentives for investing in real property improvements.

John Caleb Bell, a representative from Brickler & Eckler — a law firm that specializes in CRAs for the village — said at the meeting that this CRA boundary expansion could extend possible tax abatements to more properties.

“This resolution takes an area of the village which is already within the CRA boundary and expands that boundary to potentially offer the same real property abatement to new properties which are not currently within the boundaries of the West Jefferson Northern CRA,” Bell said.

The CRA only makes the properties eligible for a tax abatement. Village council would have to pass the actual abatement of a property separately.

Council approved the expansion unanimously, though council president Ron Garver and member Cory Coburn were absent. Vice president Steve Johnston led the meeting.

Also at the council meeting Monday:

• An ordinance was approved authorizing a supplemental appropriation in the general fund of $12,659.71.

• The mayor issued a proclamation (read by Johnston, Steele was absent) declaring Aug. 11 as National 811 Day in West Jefferson. Nearly 1,000 facility damages in Columbia Gas of Ohio’s service territory are caused by people failing to have utilities located before they dig, endangering lives and property, the proclamation stated.

The village commits itself to calling 811 before digging, Johnston read.

Brandon Semler can be reached at 740-852-1616, ext. 1615 or via Twitter @BrandonSemler.

http://madison-press.com/wp-content/uploads/2015/08/web1_WJVillagelogopiccol1.jpg
225 acres boosted for potential development

By Brandon Semler

bsemler@civitasmedia.com

Stock Market

Featured Businesses

Poll

Info Minute


Gas Prices provided by GasBuddy.com