Several meetings are planned tonight in the Town of Culver.
Continue readingEconomic Growth Anticipated As a Result of Resolution Approval from Culver Town Council
An area in Culver known commonly as “Sand Hill Farms” located at 540 W Jefferson Street received economic revitalization area and economic target area status as a result of a resolution passed by the Culver City Council Wednesday night.
Town Manager Jonathan Leist explained that the recently created Culver Economic Development Commission is permitted to grant tax abatement for residential property under state law. Earlier this week, the Culver EDC met for the first time and passed a resolution recommending that the city council classify this entire parcel on Jefferson Street as both an economic revitalization area and an economic target area to allow for future residential tax abatement.
Leist added that the approval of this resolution would only grant abatement on phase one, on the personal property investment of approximately $2.7 million that is listed in section one of the resolution. He said if they receive any applications for future tax abatements, the whole process would need to be completed again. Continue reading
Culver Town Council to Hold Public Hearing at Meeting Tonight
The Culver Town Council is scheduled to hold a public hearing and the first reading for their proposed 2018 budget. Council members will also receive an update on the Stellar Communities Designation Program plan when they meet tonight at 6:30 p.m. EDT in Culver Town Hall.
Council members will address an ordinance that will amend and restate a past ordinance which establishes fees or costs for the Town of Culver Park and Recreation Department. Continue reading
Culver Economic Development Commission Approves Resolution
The Culver Economic Development Commission met for the first time Monday night with Jonathan Leist voted as the president, Don Fox as vice president and Kevin Overmyer as secretary.
With the organization of the commission complete, Marshall County Economic Development Corporation Executive Director Jerry Chavez explained the purpose of residential tax abatement. If a developer is seeking residential tax abatement, a resolution must be approved by the Culver Economic Development Commission creating the site as an economic revitalization target area. It differs slightly from a commercial tax abatement.
Newly Formed Culver Economic Development Commission to Meet Tonight
The Culver Economic Development Commission will meet tonight.
The three members, Culver Town Manager Jonathan Leist, Marshall County Commissioner Kevin Overmyer and Don Fox, will organize and consider an ordinance for a residential tax abatement for the Sand Hill Farms workforce development housing project. The proposed format of the tax abatement will also be discussed.
The Culver Economic Development Commission will meet at 6:30 p.m. ET tonight at the Culver Town Hall.
Culver Redevelopment Commission Discusses Tax Abatement
Although the final decision about a residential abatement for the Sand Hill Farms workforce development housing project is up to the newly formed Culver Economic Development Commission, the Culver Redevelopment Commission discussed an option of how the abatement could be structured when they met this week.
Culver Town Council Establishes Economic Development Commission
The Culver Town Council approved the formation of the Culver Economic Development Commission.
A public hearing on the matter was held Tuesday night where a question about the purpose of the commission was raised. Town Council President Ginny Bess Munroe explained that the commission would be able to deem a residential project eligible for tax abatement. She further explained that a residential tax abatement differs from a commercial tax abatement, but the financial incentive is the same. A recommendation for a residential tax abatement has to be presented by the commission to the town council for approval.
Culver Town Council to Meet Tonight
The Culver Town Council will hold a public hearing on an ordinance that establishes the Culver Economic Development Commission. The three-member commission will be formed to consider a residential tax abatement in the proposed workforce housing development. One appointment will be made by the town council president, one from the town council and one from the county council.
Culver Town Council Considers Formation of Economic Development Commission
The Culver Town Council considered the first reading of an ordinance that creates the Culver Economic Development Commission, a board that can approve residential tax abatements.
The commission will have three members: one appointed by the Marshall County Council, the second appointed by the Culver Town Council President and the third appointed by town council. The years are staggered with the town council president appointee serving three years, the county council appointee serving two years and the town council appointee serving one year. After those terms expire, the successor will serve a four year term. Qualified members can be a county resident, a business owner in Culver or work in town of Culver.
