City of Kent AgendaPacket Regular City Council Meeting 2026-05-20
Klaben CRA Agreements Continued by Kent Council
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Description
Council voted to continue two Community Reinvestment Area agreements with Klaben Property Management, LLC covering a new dealership and service center, sustaining their real property tax exemptions for 2026. The decision follows a unanimous continuation recommendation from the Tax Incentive Review Council.
Contract Details
Vendor
KLABEN PROPERTY MANAGEMENT LLC
Agency
Portage Area Regional Transit Authority, OH
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
Two separate Community Reinvestment Area agreements (new dealership and service center), active as of 2026; continuation recommended by TIRC
Renewal Date
2026-12-31
Renewal Info
Both CRA agreements are reviewed annually by the Tax Incentive Review Council; the 2026 review recommended and Council approved continuation of the incentives as-is.
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