An old downtown building purported to be the first J.L. Hudson standalone store in the Midwest is set for renovation after the Ionia City Council voted Tuesday night to approve a 12-year property tax abatement and a 24-year Brownfield redevelopment plan.
The City Council granted an Obsolete Property Rehabilitation Exemption certificate for the real property at 340 W. Main St. through Dec. 30, 2033. A building is deemed obsolete when at least 50% of it can no longer be used for the functions it was designed for.
The summer tax rate in this village will remain unchanged at 13.1907 mills after the Edmore Village Council approved levies of 10.9387 mils for general operating taxes and 2.2520 mills for rubbish taxes levies at Monday’s meeting.
This means residents can expect to pay about $13.19 on each $1,000 of assessed value, or $1,319 a year, on a home assessed at $100,000.
To continue being fiscally responsible with taxpayers’ money, Belding Area Schools is putting themselves in a position to save significant capital in the years to come.
Last week, school officials announced that the district had successfully sold its 2021 refunding bonds for $11,380,000.