City, company working to sort out tax breaks in light of annexation plan

GREENFIELD — While city officials are supportive of drawing roughly 360 acres of the Covance campus into city limits, it’s still unclear how tax breaks on the deal would work.

Covance, a drug development company, bought the property – which is mostly outside city limits – from Eli Lilly and Co. five years ago. Now, Covance officials say they’d like the campus to be annexed into the city so the company can use the city’s wastewater treatment system.

While Covance would pay for the utility lines and connection fees, the city council must weigh whether to approve a tax break plan that would phase in property taxes over 10 years.

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