Board Bill Number 136 | Session 2020-2021
Chapter 99 Redevelopment Plan for the N. Newstead Ave./Lexington Ave./Whittier Ave./Kennerly Ave. Redevelopment Area
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.
Ordinance: 71271 effective 02/27/2021
Committee: Housing, Urban Development and Zoning
Legislative activities for this board bill. Learn more about what these activities mean.
01/08/2021 Final Passage Vote Results
Ordinance Number: 71271
Effective Date: 02/27/2021