IO Abatement

Two ten-year tax abatement is on the table for Riggs Florence and I-O Properties as they eye the fall for the start date of the Country Butcher. The request was brought forward at the Tuesday night Decatur City Council meeting. To receive the abatements, the company property needed to be declared an economic revitalization area. Following this, there were two requests, one for an abatement relating to the machinery and one for the land itself.

Councilman Tyler Fullenkamp motioned for the approval of the abatement after some discussion, explaining that this is what other businesses of similar financial standing would receive. This was unanimously approved by the council. The matter needs to have a public hearing to discuss it before the abatement becomes official. This will be held on June 6th during the regularly scheduled meeting.

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