Washington’s City Council took steps to grow the City’s economy Monday night. Mayor Joe Wellman had this to say about the City Council’s approval of a resolution that will begin the process of adding a new residential subdivision to the City.
The Mayor says the increase in assessed valuation has the potential of reducing the general property tax rate. The new subdivision will be located on Bussard Road. Jason Knepp told the Council the houses’ prices in the subdivision will start at $180,000.
In a somwhat related matter, the Council approved an ordinance establishing a fee to be paid by subdivision developers to defray the city’s cost of installing electric service to new areas.
In other economic moves, the Council took action to revitalize industry and add industrial jobs on Washington’s west side by declaring the rail car shops an “Economic Revitalization Area”. Eagle Railcar is looking to start production and the Council’s resolution will pave the way for the City to offer economic development incentives to the industry.