Bexley City Council was expected Tuesday night to hear the first reading of legislation that would authorize the mayor and city auditor to change incentives for the Bexley Gateway Plaza.

Bexley City Council was expected Tuesday night to hear the first reading of legislation that would authorize the mayor and city auditor to change incentives for the Bexley Gateway Plaza.

Council will be asked to approve, by emergency, an amendment to the agreement between the city and Bexley Gateway Plaza owners to provide incentives for project development in the Main Street redevelopment community reinvestment area.

Bexley Gateway Plaza is a mixed-use development with five-story brick buildings. Condos, which range in price from $400,000 to $1.6-million, are designed as luxury living for young couples, retirees and young professionals who want to live close to downtown Columbus.

Development director Bruce Langner said the developer, Plaza Properties, needed a better incentive to sell the condos. The project was designed to offer a 50-percent, 15-year abatement. The abatement would now be 100 percent for 15 years.

"We haven't offered any residential abatement on Main Street prior to this," Langner said. "We want to see all of those condos get sold."

Langner said the abatement would be available to any residential development on Main Street with 10 or more units.

Council also will be asked to amend, by emergency, several ordinances that designated the Main Street redevelopment community reinvestment area in order to permit tax exemptions for newly constructed residential projects.

tstubbs@thisweeknews.com