GOV
Board Bill Number 220 In Session 2020-2021
Chapter 99 Redevelopment Plan for the 2000 - 2020 North Broadway & 2001 North 2nd St. Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 2000 - 2020 North Broadway & 2001 North 2nd St. Redevelopment Area. This Board Bill will allow up to twenty years of tax abatement provided as follows: fifteen years (15) years of tax abatement based on 95% of the assessed value of the incremental improvements, followed by 5 years of tax abatement based on 90% of the assessed value of the incremental improvements. This Area includes unoccupied property which will be redeveloped for residential use.
Download
- Introduced (1.86 MB PDF)
Overview
Session: 2020-2021
Primary Sponsors: Tammika Hubbard
Ordinance: 71328 effective 03/23/2021
Committee: Neighborhood Development
Legislative History
Legislative activities for this board bill. Learn more about what these activities mean.
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01/08/2021
First Reading
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01/15/2021
Second Reading
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01/22/2021
Perfection
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02/05/2021
Third Reading
Votes
02/05/2021 Vote Results
Ordinance
Ordinance Number: 71328
Effective Date: 03/23/2021
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