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Neighborhood Revitalization Area #9
City Map and NRA9.jpg

 
This plan is intended to promote the revitalization of the inner urban area of the City of Lyons through the redevelopment of the area. More specifically, a tax rebate will be available for the continue use of commercial/industrial and further development and expansion of existing and new commercial/ industrial entities within the specified area. The tax rebate applies only to the additional taxes resulting from the increase in the appraised value of the property due to the rehabilitation, alterations and additions to any existing commercial structure used for retail, office, manufacturing, warehousing, institutional or other commercial or industrial purposes shall be eligible.


This new Neighborhood Revitalization project compasses 14 Tracts of land around Grand (Highway 96), between Main street and East Lyon.

Rebate Period:

  Commercial -----------------------------------------  5 years

Rebate Amount:

  Year 1 ----------------  85%

  Year 2 ----------------  75%

  Year 3 ----------------  65%

  Year 4 ----------------  35%

  Year 5 ----------------  20%


To view the entire plan and ordinance click the link following link. NRA#9


NRA no9 Map.jpg
The 9th Neighborhood Revitalization area spans 2 blocks down South Grand Ave from Main street to East Lyon street.