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Tax Abatement

306.01

Tax Abatement

The economic health of the District is a matter of great importance to the College.  The Board of Trustees looks favorably toward tax abatements when by virtue of a tax abatement a significant benefit to the District in economic terms can be realized.  Abatement may be appropriate whether the need arises by virtue of expansion of an existing business or for attraction of new business.  The Board is concerned with a net benefit in comparison with any short-term detriment the College may suffer as a result of the abatement as compared to non-abatement and is concerned with other benefits the District may enjoy as a result of the expansion of new business.

Tax abatement requests must be submitted in writing to the Board.  All such requests are considered on an individual basis.  Abatement may be granted at the discretion of the Board but is not be granted for a period of time in excess of ten years.

Applications for tax abatement must shall include the following information:

  1. Name, address, and telephone number of the applicant;
  2. Name, title, address, and telephone number of the representative making application (if different from applicant);
  3. Name and address of owner of site (if different from applicant);
  4. Description of applicant's business generally and at the location where abatement is requested;
  5. Description (legal description and/or street address) of site;
  6. Real estate tax code(s) for site;
  7. Current equalized assessed valuation for site, and current taxes paid to the College;
  8. Description of current business operations conducted on site (if any), including number of employees working full-time and part-time;
  9. Description of projected future business operations to be conducted on site as a result of the project, including number of employees working full-time and part- time and total estimated change in payroll from current operations;
  10. Detailed description of any business operations in the District operated by or reasonably related to the petitioner that will be eliminated or reduced as a result of the proposed improvement;
  11. Total estimated cost of the project;
  12. Terms of abatement requested;
  13. Estimated dollar amount of abatement being requested from the College;
  14. Statement of why abatement is being requested;
  15. At the College's discretion, other additional information as may be required by and provided to the county, municipality and/or redevelopment agency where the property proposed for abatement is located;
  16. Appropriate substantiation that the relevant requirements of the county, municipality and/or redevelopment agency where the property proposed for abatement is located have been or are being met; and
  17. Other information as may be requested by the College.

Revised: 08-27-1984, 03-23-1987, 03-24-2003, 06-27-2005
Cabinet Reviewed: 01-07-2025