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SAMPLE RESOLUTION TO ESTABLISH AN OBSOLETE PROPERTY REHABILITATION ACT DISTRICT Minutes of a (regular/special) meeting of the (governing body) of (governmental unit), held on (date), at (place) in

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What is obsolete property rehabilitation act?

The Obsolete Property Rehabilitation Act (OPRA) is a law that provides tax incentives for the redevelopment of obsolete properties in certain designated areas.

Who is required to file obsolete property rehabilitation act?

Property owners or developers who wish to rehabilitate a qualifying obsolete property are required to file the Obsolete Property Rehabilitation Act application.

How to fill out obsolete property rehabilitation act?

To fill out the Obsolete Property Rehabilitation Act application, property owners or developers need to provide information about the property, development plans, and meet the necessary eligibility criteria.

What is the purpose of obsolete property rehabilitation act?

The purpose of the Obsolete Property Rehabilitation Act is to encourage the redevelopment of underutilized or vacant properties, stimulate economic growth, and revitalize designated areas.

What information must be reported on obsolete property rehabilitation act?

The Obsolete Property Rehabilitation Act application requires information such as property details, scope of rehabilitation, estimated investment, anticipated job creation, and other supporting documentation.

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