CRA TIF and parking incentives for Bowen Yard West

Tax Increment Financing rebates of 50% of the tax increment generated by the project for 10 years (total projected rebate $480,526, approximately $48,000 per year) plus reimbursement not to exceed $151,200 for design and construction of 17 public parking spaces

FINANCIAL_SERVICES

Ten (10) years of TIF rebates; parking reimbursement upon completion, acceptance, and conveyance of parking spaces and land

2036-12-31

Commercial Redevelopment incentive provides annual reimbursement of up to 50% of actual tax increment for up to 10 years; no explicit renewal beyond the 10-year incentive window.

Agreement