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The council reviewed eight CRA tax-abatement agreements, each providing 100% abatement for seven years. One agreement with RW Martin & Sons was scheduled to end after the 2025 tax year, while the 4369 LLC/Akrochem project was expected to be assessed in 2026 after construction.
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The CRA program reduces taxes on the added property value created by qualifying commercial and industrial improvements. The reviewed agreements cover projects in the Summit County and Portage County portions of Tallmadge, with abatements generally lasting seven years. The council also approved two representative replacements and approved the prior meeting minutes by a 5-0 vote.
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