GOV
Board Bill Number 139 In Session 2024-2025
The industrial Development Revenue Bonds
Summary
This Board Bill authorizes the City to enter into an industrial development revenue bond transaction to facilitate personal property tax exemption on Project Equipment and sales and use tax exemption on construction materials used to construct and equip a development project consisting of an approximately 70,000-square-foot lab and office facility to be located at 4140 Forest Park Avenue in the City. The industrial development revenue bonds authorized by this Board Bill will be secured solely by lease payments made by the company. The bonds do not constitute a debt of the City and are not payable from any City tax revenues.
Download
Latest Bill text:
- Introduced (1.89 MB PDF)
Overview
Session: 2024-2025
Introduced: 11/22/2024
Primary Sponsors: Michael Browning
Latest Activity: Committee Hearing
Legislative History
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
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11/22/2024
First Reading
Bill text was introduced (1.89 MB PDF).
11/22/2024Referred to a Committee
The bill was assigned to the Housing, Urban Development and Zoning Committee.
12/10/2024Committee Hearing
The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.
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