Board Bill Number 136 | Session 2020-2021

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

Board Bill

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.

Download Full Board Bill

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Legislative History

Session:2020-2021
Sponsor: Dwinderlin Evans
Co-Sponsors:
Committee: Housing, Urban Development and Zoning
Actions: 10/09/2020 First Reading

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