NEW PALESTINE — While several more steps are needed before the town of New Palestine gives tax abatements to Justus Home Builders for the construction of a housing complex for senior citizens, the first hurdle has been cleared.
By a vote of 3-0, the New Palestine Town Council approved a resolution on Wednesday that calls for tax abatements for the company over a 10-year period.
After passing the resolution, the council quickly set a date, June 11 at 7 p.m., for a public hearing.
Following the hearing, the council will have the option to change the resolution or adopt it.
Despite the first steps toward approving the 10-year abatement for the project along U.S. 52 west of town, the incentives package is not a done deal, officials say. Further discussions will take place between town officials and Justus.
If the tax abatements are given, it would mark the first time in the county that a commercial business has received them. Tax abatements are traditionally given to industrial developments where the potential for growth is certain.
According to the resolution, Justus plans to build the complex, to be called Woodland Terrace, on 13.27 acres in the 5800 block of West U.S. 52.
The design plans call for a campus consisting of 95 assisted-living and memory care units and 30 cottage units for a total of 125 units. After the campus is built, it is expected to employ at least 32 people with a net salary total of $1.3 million.