Board Bill Number 163 | Session 2019-2020

Chapter 99 Redevelopment Plan and Blighting Study for the 2127 North 11th St. Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 2127 North 11th St. Redevelopment Area. This Board Bill will allow up to fifteen (15) years of tax abatement as follows: ten years (10) years of tax full abatement followed by five (5) years of tax abatement based on 50% of the assessed value of incremental improvements. The project consists of renovation of the vacant Webster school in the Old North neighborhood. The prospective redeveloper plans renovating the school into 45 senior citizen residential units, and building 4 units behind the school, all 2 bedrooms, at the cost of $ 8.1 million. The redeveloper plans to utilize LIHTC and private funds for this project.

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Overview

Session: 2019-2020

Sponsor: Tammika Hubbard

Ordinance: 71089 effective 03/03/2020

Committee: Neighborhood Development

Legislative History

Legislative activities for this board bill. Learn more about what these activities mean.

  • 11/15/2019

    First Reading

  • 12/13/2019

    Second Reading

  • 01/10/2020

    Perfection

  • 01/17/2020

    Third Reading

01/17/2020 Final Passage Vote Results

Aye Votes
24
Nay Votes
0
Vote Totals

View vote details

Ordinance

Ordinance Number: 71089

Effective Date: 03/03/2020

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