City to Consider Tax Incentives for Historic Property Improvements Downtown
Greg Wilson/Anderson Observer
Anderson City Council will vote on a proposal that would provide tax incentives to allow for renovation of three brick buildings at the corner of South Main and West Church Street downtown as part of Monday’s regular meeting at 6 p.m. in City Council Chambers.
The move would allow for an estimated $2 million in improvement of properties at 215, 217 and 219 South Main Street, by effectively freezing the buildings’ assessed values at pre-rehabilitation level for a set number of years, allowing owners to invest in renovations without immediately paying for their ambition in higher tax bills. The properties’ current combined fair-market value is $254,400. The resolution before Council would endorse the project so the Board of Architectural Review can undertake preliminary certification, examining design and investment details before offering final certification once the work is complete and allow participation in a special tax assessment for rehabilitated historic properties.
Another proposal on Monday’s agenda would use a $2.19 million Clean Water State Revolving Fund loan at 2.3 percent over 20 years to replace a floating anaerobic digester lid at Rocky River wastewater plant and upgrade SCADA systems at Rocky River and Generostee Creek.
Council will also consider a $155,288 contract improve water lines to boost fire-flow in hydrants along Manning Street.
