City considers incentives
For the first time in 10 years, residential development seeks use of reimbursement program for infrastructure
Monday, February 10, 2014 12:00 AM
Greenwood City Council is considering a request for use of its infrastructure reimbursement program for a prospective new residential development in the city.
According to City Manager Charlie Barrineau, city officials and Pioneer Construction are discussing the possibility of an infrastructure reimbursement program for a residential development near Laurel Avenue, to the north of Bypass 72.
The issue was discussed during last week’s City Council work session at the municipal building.
The city created the infrastructure reimbursement program in 1996. The purpose of the program is to encourage and induce development or annexation for the city. The city entered into 15 infrastructure reimbursement agreements since 1996, but not many in recent years.
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