Board Bill Number 205 | Session 2020-2021
Chapter 99 Redevelopment Plan for the 2025 Agnes St. Redevelopment Area
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.
Ordinance: 71322 effective 03/23/2021
Committee: Neighborhood Development
Legislative activities for this board bill. Learn more about what these activities mean.
02/05/2021 Final Passage Vote Results
Ordinance Number: 71322
Effective Date: 03/23/2021