The Manchester City Council held a public hearing last night on the sale of city property.
The two vacant lots sit at 501 Grant Street. Local developer Wes Schulte offered $12,900 for the property, which has been accepted by the City Council. Schulte says he will work with the City to develop plans for the property.
Schulte’s main focus right now is West Brook, a multi-family development project that he has proposed to the City. After some discussion on what kind of tax abatement was appropriate for the project, the City Council vote 3-2 in favor of a proposed five-year sunset on a 10-year tax abatement on a sliding scale. The proposed tax abatement would include a 100-percent abatement for the first two years, dropping twenty-percent every two years. The Council’s vote does not make it official – it just means the City will move forward with bringing it forth to a bonding attorney. A public hearing is expected to be held this spring.
The City Council also heard an update from Delaware County Economic Development Director Donna Boss, who stressed the need for housing, with local industries needing a place for new employees to live.