GOV
Ordinance 71756
Chapter 99 Redevelopment Plan for the 4132 South Compton Ave. Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4132 South Compton Ave. Redevelopment Area. The project consists of the renovation of a single-family home in the Dutchtown neighborhood. The prospective redeveloper acquired the property from LRA and plans on renovating the home consisting of 3 bedrooms and 3.5 bathrooms at the cost of $350,000. The redeveloper plans to utilize private funds for this project and State Historic Credits. The house will be owner occupied. Based on the Recommended Abatement Map approved October 26, 2018 by Board of Aldermen Resolution 104, the staff recommends a 10-year tax abatement based on 95 percent of the assessed value of the incremental improvements.
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Overview
Legislative History
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
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10/13/2023
First Reading
Bill text was introduced (892.16 KB PDF).
10/13/2023Referred to a Committee
The bill was assigned to the Housing, Urban Development and Zoning Committee.
11/14/2023Committee Hearing
The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.
11/17/2023Second Reading
12/01/2023Perfection
The bill was passed.
12/08/2023Engrossment
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.
12/08/2023Third Reading
The bill was passed.
12/08/2023Delivered to Mayor
12/19/2023Mayor Returns Bill
The bill was returned without a signature.
12/19/2023Delivered to Register
01/09/2024Register Returns Notice with Ordinance Number
Register returns ordinance number 71756. Effective date is 01/18/2024
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