Industrial Board to consider lease and in-lieu-of-tax agreement

THE INDUSTRIAL BOARD OF THE CITY OF LAWRENCEBURG WILL HOLD A PUBLIC HEARING AND SPECIAL MEETING ON MARCH 14. THE MEEETING WILL BE HELD IN THE COMMISSION MEETING ROOM LOCATED AT 25 PUBLIC SQUARE IN LAWRENCEBURG. THE BOARD WILL CONSIDER ADOPTING A RESOLUTION TO APPROVE A LEASE WITH GOBBLE PROPERTIES, A TENNESSEE PARTNERSHIP, AND A PAYMENT IN LIEU OF TAX AGREEMENT PROVIDING THE COMPANY WITH 60 PERCENT ABATEMENT OF THE AD VALOREM TAXES FOR A FOUR-YEAR PERIOD WITH RESPECT TO PROPERTY AND IMPROVEMENTS TO BE CONSTRUCTED AT 1909 LIBERTY AVENUE. THE MEETING IS SET TO BEGIN AT 5.

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