Board Bill Number 136 | Session 2020-2021

Chapter 99 Redevelopment Plan for the N. Newstead Ave./Lexington Ave./Whittier Ave./Kennerly Ave. Redevelopment Area

Summary

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.

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Overview

Session: 2020-2021

Sponsor: Dwinderlin Evans

Ordinance: 71271 effective 02/27/2021

Committee: Housing, Urban Development and Zoning

Legislative History

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

  • 10/09/2020

    First Reading

  • 11/20/2020

    Second Reading

  • 12/04/2020

    Perfection

  • 01/08/2021

    Third Reading

01/08/2021 Final Passage Vote Results

Aye Votes
28
Nay Votes
0
Vote Totals

View vote details

Ordinance

Ordinance Number: 71271

Effective Date: 02/27/2021

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