The Daily Globe - Serving Gogebic, Iron and Ontonagon Counties

Township approves Mill Trace tax break

 

December 7, 2017

Richard Jenkins/Daily Globe

THE IRONWOOD Township Board of Trustees voted Tuesday to adopt an ordinance granting a tax break to the Mill Trace Apartments, seen here before Tuesday's meeting, that should enable renovations and improvements to the income-based apartment complex off Lake Road.

By RICHARD JENKINS

rjenkins@yourdailyglobe.com

IRONWOOD TOWNSHIP - While there is a still a degree of skepticism about the idea, the Ironwood Township Board of Trustees voted 5-2 to adopt an ordinance granting a tax break for the Mill Trace Apartments Wednesday.

Trustees Kevin Lyons and Bev Michaels voted against the measure.

Ordinance No. 55 will have those operating Mill Trace pay the township a $2,500 annual service charge in lieu of paying the various taxes on the property.

The money saved by the tax break - along with $356,342 in federal housing tax credits administered by the Michigan...



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