City of Kent Council Meeting Agenda December 2025
CRA Tax Abatement Proposed for Pingree Holdings Renovation
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Description
Kent City Council is scheduled to consider a CRA agreement granting real property tax exemptions to Pingree 2000 Real Estate Holdings, LLC for renovation work at 1225 West Main Street. The draft ordinance would authorize the tax incentive as emergency legislation under the state Community Reinvestment Area program.
Contract Details
Vendor
PINGREE 2000 REAL ESTATE HOLDINGS LLC
Agency
Portage Area Regional Transit Authority, OH
Contract Type
FINANCIAL_SERVICES
Document Date
December 17, 2025
Renewal Info
Community Reinvestment Area agreements typically specify a fixed abatement schedule and duration; specific term details are not provided in the agenda text.
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