Tax Production Agreement Sample Contracts
Re: Amendment of Tax Production Agreement True Bethel Gardens, Belmont Housing Resources for WNYTax Production Agreement • October 30th, 2020
On December 11, 2017, the City Council approved an agreement to create positive city, school district, and county tax production on a site that has never produced property taxes. As you recall, the True Bethel Gardens (“TB Gardens”) development is as adaptive reuse/conversion project at the former Sacred Heart School at 1112 South Avenue. It is designed to fulfill the public purpose of providing decent, safe, and affordable housing opportunities.