Board Bill Number 88 In Session 2024-2025

Redevelopment Plan for the 1100 Veronica Ave. Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 1100 Veronica Ave. Redevelopment Area. The prospective redeveloper plans renovating the school into 51 affordable residential units at the cost of $21.8 million. There will be 17 one bedrooms, 23 two bedrooms, and 11 three bedrooms. The redeveloper plans to utilize LIHTC, HTC, Home and private funds for this project. Staff supports up to fifteen (15) years of tax abatement as follows: ten years (10) years of tax abatement based on 90% of the assessed value of incremental improvements followed by five (5) years of tax abatement based on 50% of the assessed value of incremental improvements.

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Latest Bill text:

Overview

Session: 2024-2025

Introduced: 09/13/2024

Primary Sponsors: Pamela Boyd

Latest Activity: Register Returns Notice with Ordinance Number

Ordinance: 71975 effective 03/24/2025

Legislative History

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

  • 09/13/2024

    First Reading

    Bill text was introduced (4.08 MB PDF).

  • 09/13/2024

    Referred to a Committee

    The bill was assigned to the Housing, Urban Development and Zoning Committee.

  • 10/22/2024

    Committee Hearing

    The bill was held in committee during the Housing, Urban Development and Zoning Committee hearing.

  • 01/28/2025

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.

    The bill text was changed:

  • 01/31/2025

    Second Reading

  • 02/07/2025

    Perfection

    The bill was passed.

  • 02/11/2025

    Engrossment

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

  • 02/11/2025

    Third Reading

    The bill was passed.

  • 02/11/2025

    Delivered to Mayor

  • 02/24/2025

    Mayor Returns Bill

    The bill was approved.

  • 02/25/2025

    Delivered to Register

  • 03/03/2025

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71975. Effective date is 03/24/2025

Supporting Materials

These materials are not a part of the legislation. They may be presented by the sponsor, other Board members, special guest speakers or others to help further explain the proposal, provide other evidence, give additional information and/or alternative ideas or opinions.

1 document has been uploaded
Title File Size
Amendments 1 - 3 for Board Bill Number 88 BB88 A1-3.pdf 32.09 KB

Votes

02/11/2025 Vote Results

Aye Votes 15
No Votes 0
Final Passage Vote

View vote details

Ordinance

Ordinance Number: 71975

Effective Date: 03/24/2025

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