The project will include renovation of the currently vacant buildings making available mixed use space with 12 apartments and 4 storefronts. The project cost is projected at $660,000. The Company has requested abatement of sales tax on construction materials and non-production equipment and a PILOT agreement for temporary abatement of property tax. No abatement of mortgage recording tax is requested.
Approximate value of these incentives is more than $100,000; therefore a public hearing was necessary. Total incentives proposed, over a 15 year period, are estimated to be $260,000. A Public Hearing was held in the Village of Perry in June 5, 2017, a copy of the minutes from that hearing are attached.