Commissioners OK tech park plan

Subtitle: Property owners to get special taxes
Source: Frederick News Post
Author: Bethany Rodgers
Article Type:
Date Published: 07/20/2012

A major development project could be headed for an October groundbreaking after a jump-start from Frederick County officials. Four commissioners Thursday voted to approve a plan to sell up to $40 million of county-issued bonds to fund road improvements and off-site sewer construction for the Jefferson Technology Park. Property owners in the development will pay off the bonds, with its new residents shouldering hundreds of dollars per year in special taxes. Owners of commercial properties could pay even more. The two resolutions and ordinance solidifying the financial arrangement represent a creative way to stimulate a stalled project and draw major employers to the area, Commissioners President Blaine Young said.