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The committee recommended approval of O-1-26, as amended, creating a real property tax credit of up to $10,000 for eligible child care facilities and extending eligibility to property owners who lease space to child care providers.
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The proposal would reduce property taxes for qualifying child care facilities, including the portion of a property used exclusively for child care and related improvements. If enacted, the City Manager would report annually on applications, awards, program effectiveness, and potential improvements by February 28 of the following year. The committee's action was a favorable recommendation; the minutes do not state that the full City Council enacted the tax credit.
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