City Council approved a proposed ordinance authorizes an Industrial District Agreement with Borusan Mannesmann Pipe U.S., Inc., for tax years 2020 through 2026 with the following base values:
Year | Base Value |
---|---|
2020 | $80,000,000.00 |
2021 | $80,000,000.00 |
2022 | $129,263,041.00 |
2023 | $129,263,041.00 |
2024 | $129,263,041.00 |
2025 | $129,263,041.00 |
2026 | $129,263,041.00 |
The first payment pursuant to this agreement will be for the tax year 2020 based upon a yearly payment rate of .727822, which rate will increase to a rate of .786749 for tax years 2024-2026.
No comments:
Post a Comment