Board Bill Number 220 | Session 2020-2021

Chapter 99 Redevelopment Plan for the 2000 - 2020 North Broadway & 2001 North 2nd St. Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 2000 - 2020 North Broadway & 2001 North 2nd St. Redevelopment Area. This Board Bill will allow up to twenty years of tax abatement provided as follows: fifteen years (15) years of tax abatement based on 95% of the assessed value of the incremental improvements, followed by 5 years of tax abatement based on 90% of the assessed value of the incremental improvements. This Area includes unoccupied property which will be redeveloped for residential use.

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Overview

Session: 2020-2021

Sponsor: Tammika Hubbard

Ordinance: 71328 effective 03/23/2021

Committee: Neighborhood Development

Legislative History

Legislative activities for this board bill. Learn more about what these activities mean.

  • 01/08/2021

    First Reading

  • 01/15/2021

    Second Reading

  • 01/22/2021

    Perfection

  • 02/05/2021

    Third Reading

02/05/2021 Final Passage Vote Results

Aye Votes
26
Nay Votes
0
Vote Totals

View vote details

Ordinance

Ordinance Number: 71328

Effective Date: 03/23/2021

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