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Montgomery Co Approves Abatement
Monday, 22 June 2009

June 22--  Montgomery County Commission Chairman Brandon Braddy believes the recent decision by the county commission to grant a property tax abatement to owners of the proposed new private prison in Mount Vernon will help bring the deal to a conclusion.  He issued the following information following a called meeting of the commission last week.

"The Montgomery County Commissioners held a special called meeting at 6:00PM, Wednesday, June 17th.  The purpose of the meeting was to consider the adoption of a resolution authorizing a tax abatement for the Montgomery County Detention Center.  The prospective owner of the facility, Terry O'Brien, is close to securing the financing.  The tax abatement offer by the Montgomery County Board of Commissioners has the potential of obtaining a prompt start date for construction.  After discussions with Development Authority Director, Joe Filippone, the Montgomery County Board of Commissioners adopted the resolution.  The Montgomery County Board of Education also approved the abatement of the school tax portion of the property taxes at their meeting on Monday night.  Montgomery County Commission Chairman Brandon Braddy had this to say regarding the adoption of the resolution: "I applaud the Montgomery County Board of Education and my fellow Commissioners for approving this abatement offer to Municipal Corrections Montgomery LLC.  Mr. O'Brien and his team have worked diligently through the credit crisis of 2008 to seek financing.  I believe the tax abatement offer will be the key to arriving at a prompt start date for construction of the detention facility."  With no other business on the agenda, the Commissioners adjourned the meeting."
 

 
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