At The Board Meeting

The Wauseon School Board approves a community reinvestment area and tax incentive donation agreement with Ram Tika Management, LLC. Officials say…it will allow for Ram Tika to have a 10-year 100% tax abatement in exchange for the company agreeing to donate 15% of their tax savings back to the school district for the first eight years of the agreement and then 50% of their tax savings in years nine and ten. Ram Tika plans to tear down part of the current Magnuson Hotel that sits across from the turnpike exit on State Route 108 and build a four story, 98 room Hilton brand.