GOV
Board Bill Number 220 | Session 2020-2021
Chapter 99 Redevelopment Plan for the 2000 - 2020 North Broadway & 2001 North 2nd St. Redevelopment Area
Board Bill
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.
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Legislative History
| Session: | 2020-2021 |
|---|---|
| Sponsor: |
Tammika Hubbard
|
| Co-Sponsors: | |
| Committee: | Neighborhood Development |
| Actions: |
02/05/2021 Third Reading 01/22/2021 Perfection 01/15/2021 Second Reading 01/08/2021 First Reading |
02/05/2021 Final Passage Vote Results
Ordinance
| Effective Date: | 03/23/2021 |
|---|---|
| Ordinance #: | 71328 |
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