City of Kent Regular City Council Meeting Minutes December 2025
Kent OKs CRA Agreement With Clerac LLC
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Description
Kent City Council approved a Community Reinvestment Area tax exemption agreement with Clerac, LLC, also known as Enterprise Holdings, LLC, for renovation of the existing building at 1225 West Main Street. The CRA agreement grants a real property tax exemption to incentivize the project.
Contract Details
Vendor
CLERAC LLC
Agency
Portage Area Regional Transit Authority, OH
Contract Type
FINANCIAL_SERVICES
Document Date
December 17, 2025
Renewal Info
Community Reinvestment Area tax exemption terms are defined in the agreement; specific length and renewal options are not detailed in the minutes.
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