>Development agency sets tax break hearings
WHEATFIELD -- The North Tonawanda Community Federal Credit Union may receive a tax break, but it won't be perpetual.
The Niagara County Industrial Development Agency has scheduled a public hearing for 5 p.m. Feb. 20 in North Tonawanda City Hall on a 10-year property tax reduction for the credit union's proposed office in a former store at 160 Ward Road.
The credit union had applied for a permanent 100 percent tax exemption, but the IDA received a letter from North Tonawanda Mayor Lawrence V. Soos and the Common Council opposing that idea. The letter said the city would support a 10-year tax break, which is the most the IDA usually offers commercial projects.
In other action last week, the IDA board set a hearing for 4 p.m. Feb. 20 in its offices on Tortel Communications' request for a 15-year tax break on its proposed plant in the agency-owned Vantage International Pointe industrial park here. Tortel, a Canadian company that refurbishes communications and office equipment, plans to sink $1.2 million into buying land fronting Lockport Road and erecting its first U.S. plant.
It projects 32 jobs within three years.