GOV
Board Bill Number 205 In Session 2020-2021
Chapter 99 Redevelopment Plan for the 2025 Agnes St. Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 2025 Agnes St. Redevelopment Area. This Board Bill will allow 15 years of tax abatement (10 years of tax abatement based on 95% of the assessed value of the incremental improvements followed by 5 years of tax abatement based on 50% of the assessed value of the incremental improvements). The project consists of the renovation of a vacant single-family home in the Hyde Park neighborhood. The prospective redeveloper proposes total renovation of the property and selling this one bedroom, one-bathroom residence for $38,000.
Download
- Introduced (1.72 MB PDF)
- Fiscal Notes (153.22 KB PDF)
Overview
Session: 2020-2021
Primary Sponsors: Brandon Bosley
Ordinance: 71322 effective 03/23/2021
Committee: Neighborhood Development
Legislative History
Legislative activities for this board bill. Learn more about what these activities mean.
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01/08/2021
First Reading
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01/15/2021
Second Reading
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01/22/2021
Perfection
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02/05/2021
Third Reading
Votes
02/05/2021 Vote Results
Ordinance
Ordinance Number: 71322
Effective Date: 03/23/2021
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