Board Bill Number 205 | Session 2020-2021

Chapter 99 Redevelopment Plan for the 2025 Agnes St. Redevelopment Area

Board Bill

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 Full Board Bill

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Legislative History

Sponsor: Brandon Bosley
Committee: Neighborhood Development
Actions: 02/05/2021 Third Reading
01/22/2021 Perfection
01/15/2021 Second Reading
01/08/2021 First Reading

02/05/2021 Final Passage Vote Results

View vote details


Effective Date: 03/23/2021
Ordinance #: 71322

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