Old Village CRA idea finally moving forward?
Mentor city and school officials continue to work out details for creating an Old Village community reinvestment area - affecting older portions of Center Street and Mentor Avenue.
The schools' blessing is sought because CRAs involve real property tax abatement, on commercial and residential projects.
In his latest report to council, City Manager Ken Filipiak said the administration is preparing to move forward in June or July - a year since the Old Village CRA was proposed. The staff now is finalizing the authorizing legislation for council's consideration, as well as program guidelines.
-- Betsy Scott, BScott@News-Herald.com
The schools' blessing is sought because CRAs involve real property tax abatement, on commercial and residential projects.
In his latest report to council, City Manager Ken Filipiak said the administration is preparing to move forward in June or July - a year since the Old Village CRA was proposed. The staff now is finalizing the authorizing legislation for council's consideration, as well as program guidelines.
-- Betsy Scott, BScott@News-Herald.com
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