Although the final decision about a residential abatement for the Sand Hill Farms workforce development housing project is up to the newly formed Culver Economic Development Commission, the Culver Redevelopment Commission discussed an option of how the abatement could be structured when they met this week.
According to Town Manager Jonathan Leist, there was a proposed format, but he believes it may just come down to a standard abatement based on investment commitment. The CRC proposed an annual abatement for a maximum of 10 years that would be directly proportional to the number of apartments meeting the program residency and work objectives. Specifically, the abatement would correlate to the number of residents working in Marshall County. County Attorney James Clevenger will be reviewing that policy.
The Culver Economic Development Commission will be meeting on Monday, Sept. 25 at 6:30 p.m. ET at the Culver Town Hall to discuss the topic.
