Industrial Revenue Bonds
Eligible development projects may petition the City to issue Industrial Revenue Bonds to finance eligible development projects using the City of Abilene's credit. This allows projects to execute projects at a lower interest rate than what can typically be obtained in the private capital markets. The developer pays the bonds directly, while the City leases the improvements to the developer until such time as the bonds are retired. This incentive provides a lower-than-private financing mechanism, a sales tax exemption for improvements, and includes a ten-year ad valorem property tax abatement.
Kansas Economic Development
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