Board Bill Number 137 Votes In Session 2023-2024
Chapter 99 Redevelopment Plan for the 4132 South Compton Ave. Redevelopment Area
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4132 South Compton Ave. Redevelopment Area. The project consists of the renovation of a single-family home in the Dutchtown neighborhood. The prospective redeveloper acquired the property from LRA and plans on renovating the home consisting of 3 bedrooms and 3.5 bathrooms at the cost of $350,000. The redeveloper plans to utilize private funds for this project and State Historic Credits. The house will be owner occupied. Based on the Recommended Abatement Map approved October 26, 2018 by Board of Aldermen Resolution 104, the staff recommends a 10-year tax abatement based on 95 percent of the assessed value of the incremental improvements.
12/08/2023 Final Passage Vote Results
|Shameem Clark Hubbard
|Megan E Green