|From:||Lenny Siegel <firstname.lastname@example.org>|
|Date:||Sat, 24 May 2008 09:23:13 -0700 (PDT)|
|Subject:||[CPEO-BIF] Slocomb National Bank, Dothan, Alabama|
Brownfield project moves forward By Debbie Ingram Dothan Eagle (AL) May 23, 2008City officials approved the state's first Brownfield redevelopment site earlier this week for Slocomb National Bank, which is building a branch at the site of an old gas station at Ross Clark Circle and West Main Street.
Next Tuesday, Houston County commissioners will vote on granting the same 20-year ad valorem and sales tax abatement to the bank under the Brownfield Development Tax Abatement Act of 2004.
When the redevelopment or reuse of a property may be complicated by the presence of hazardous substances, pollutants or contaminant, it is considered a brownfield. The tax abatement allows an abatement on local sales taxes, except for the educational portion, and ad valorem taxes, except for the educational portion.
... For the entire article, see http://www.dothaneagle.com/dea/news/local/article/brownfield_project_moves_forward/18388/ -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <email@example.com> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
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