Board Bill Number 138 | Session 2022-2023

Redevelopment Plan for the 1423 and 1435 Mallinckrodt St. Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 1423 and 1435 Mallinckrodt St. Redevelopment Area. The project consists of the renovation of an unoccupied institutional building to create office and school space. The prospective redeveloper plans on renovating at the cost of $ 7.4 million. The financial model concludes that the project supports fifteen (15) years of tax abatement (10 years based on 90 percent of the assessed value of the incremental improvements and followed by 5 years based on 50 percent of the assessed value of the incremental improvements) and the LCRA Board concurs. This Board Bill will allow fifteen (15) years of tax abatement (10 years based on 90 percent of the assessed value of the incremental improvements and followed by 5 years based on 50 percent of the assessed value of the incremental improvements).

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Latest Bill text:

Overview

Session: 2022-2023

Introduced: 12/09/2022

Primary Sponsors: Brandon Bosley

Latest Activity: Register Returns Notice with Ordinance Number

Ordinance: 71638 effective 03/17/2023

Legislative History

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

  • 12/09/2022

    First Reading

    Bill text was introduced (1.31 MB PDF).

  • 12/09/2022

    Referred to a Committee

    The bill was assigned to the Neighborhood Development Committee.

  • 01/24/2023

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Neighborhood Development Committee hearing.

  • 01/27/2023

    Second Reading

  • 02/03/2023

    Perfection

    The bill was passed.

  • 02/07/2023

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 02/07/2023

    Third Reading

    The bill was passed.

  • 02/07/2023

    Delivered to Mayor

  • 02/17/2023

    Mayor Returns Bill

    The bill was approved.

  • 02/17/2023

    Delivered to Register

  • 03/02/2023

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71638. Effective date is 03/17/2023

Votes

02/07/2023 Vote Results

Aye Votes 25
No Votes 0
Final Passage Vote

View vote details

Ordinance

Ordinance Number: 71638

Effective Date: 03/17/2023

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