Board Bill Number 80 Votes | Session 2023-2024
Chapter 99 Redevelopment Plan for the 3417 Louisiana Ave. Redevelopment Area
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3417 Louisiana Ave. Redevelopment Area. The project consists of the renovation of a single-family home in the Benton Park West neighborhood. The prospective redeveloper acquired the property from LRA and plans on renovating the home consisting of 3 bedrooms and 2 bathrooms at the cost of $397,775. The redeveloper plans to utilize private funds for this project and financing from Community Development Administration (CDA). The asking price for this property will be approximately $195,000. Based on the Recommended Abatement Map approved October 26, 2018 by Board of Aldermen Resolution 104, a 10-year tax abatement based on 75 percent of the assessed value of the incremental Improvements is recommended.
10/06/2023 Final Passage Vote Results
|10||Shameem Clark Hubbard||Aye|
|President||Megan E Green||Aye|