Council considers 15-year tax abatement for improvements at 36–42 W. First St.
May 16, 2025 | London City Council, London, Madison County, Ohio
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London City Council considered an ordinance authorizing a Community Reinvestment Area agreement for properties at 36–42 West First Street that would grant a tax abatement on improvements for up to 15 years.
Council discussion noted the properties had already begun work and that the abatement and term described were at the maximum percentages and length the city can grant. Council voted on a motion to suspend the three-reading rule for the ordinance; recorded votes included several yes votes and at least one no vote. Council members said the item would remain on the agenda for further action.
Council discussion noted the properties had already begun work and that the abatement and term described were at the maximum percentages and length the city can grant. Council voted on a motion to suspend the three-reading rule for the ordinance; recorded votes included several yes votes and at least one no vote. Council members said the item would remain on the agenda for further action.
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