GOV
Board Bill Number 136 | Session 2020-2021
Chapter 99 Redevelopment Plan for the N. Newstead Ave./Lexington Ave./Whittier Ave./Kennerly Ave. Redevelopment Area
Board Bill
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the N. Newstead Ave./Lexington Ave./Whittier Ave./Kennerly Ave. Redevelopment Area. This Board Bill will allow up to a twenty-five (25) year tax abatement; 10 years tax abatement based on 95% of the assessed value of the incremental improvements followed by 15 years tax abatement based on 50% of the assessed value of the incremental improvements. This Area includes 154.36 acres of both occupied and unoccupied residential and commercial buildings and vacant lots.
Download Full Board Bill
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Legislative History
| Session: | 2020-2021 |
|---|---|
| Sponsor: |
Dwinderlin Evans
|
| Co-Sponsors: | |
| Committee: | Housing, Urban Development and Zoning |
| Actions: |
01/08/2021 Third Reading 12/04/2020 Perfection 11/20/2020 Second Reading 10/09/2020 First Reading |
01/08/2021 Final Passage Vote Results
Ordinance
| Effective Date: | 02/27/2021 |
|---|---|
| Ordinance #: | 71271 |
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