The New Prague City Council convened on October 21, 2024, to discuss significant developments impacting the community, including a proposed tax abatement for a new apartment complex and the adoption of assessments for utility improvements.

One of the most pressing topics was the tax abatement request from Ebert Construction for a 54-unit apartment building planned for a 1.6-acre lot near Walgreens. The project, which aims to address the growing housing demand in New Prague, is seeking a 66% property tax abatement over 15 years. This abatement is structured to gradually decrease, starting with a full abatement of incremental taxes for the first five years, followed by a 66% reduction for the next five years, and then 33% for the final five years. City officials emphasized that without this abatement, the project may not proceed, leaving the city with no new tax revenue from the property.

The need for additional housing was underscored by a recent study indicating a demand for over 655 new apartment units in the area over the next 16 years. City staff noted that New Prague has not seen new market-rate apartments built in over 30 years, despite the population doubling during that time. The proposed apartments are expected to provide essential housing options for various community members, including young professionals and families.

During the public hearing, several community members voiced their support for the abatement, highlighting the importance of accessible housing for local businesses and employees. Business owners expressed concerns about the difficulty in attracting and retaining workers due to the lack of affordable housing options. Supporters argued that the development would stimulate economic growth and enhance the community's overall vitality.

Conversely, some residents raised objections, questioning the necessity of the abatement and expressing concerns about the potential long-term financial implications for taxpayers. They argued that the city should not provide financial incentives to developers without ensuring that the benefits outweigh the costs.

In addition to the tax abatement discussion, the council also addressed assessments related to utility improvements, which are essential for maintaining the city's infrastructure. The council voted to adopt the assessments, ensuring that necessary upgrades would be funded and completed.

As the meeting concluded, council members acknowledged the diverse opinions expressed by residents and committed to considering all perspectives as they move forward with these critical decisions. The outcomes of these discussions will play a significant role in shaping New Prague's future, particularly in addressing housing needs and supporting local economic development.