GOV
Board Bill Number 86 Votes In Session 2024-2025
Redevelopment Plan for the 1105 Olive Redevelopment Area
Board Bill
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 1105 Olive St. Redevelopment Area. This Area consists of a vacant commercial building in the Downtown Neighborhood. The property in the Area is currently blighted and is in a deteriorated condition that constitutes an economic liability to the City. The prospective redeveloper is acquiring the property for approximately $550,000 and plans on renovating the lower two floors for adult day care services for the approximate cost of $1.2 million. Private financing will be used for the project. The project is approved for ten (10) years of tax abatement based on 75 percent of the assessed value of incremental improvements.
11/07/2024 Final Passage Vote Results
This board bill was part of a consent vote along with BB 86, BB 116, BB 117
| Ward | Alderman | Position |
|---|---|---|
| 1 | Anne Schweitzer | Aye |
| 2 | Tom Oldenburg | Aye |
| 3 | Shane Cohn | Aye |
| 4 | Bret Narayan | Aye |
| 5 | Joseph Vollmer | Aye |
| 6 | Daniela Velazquez | Aye |
| 7 | Alisha Sonnier | Aye |
| 8 | Cara Spencer | Aye |
| 9 | Michael Browning | Aye |
| 10 | Shameem Clark Hubbard | Aye |
| 11 | Laura Keys | Aye |
| 13 | Pamela Boyd | Aye |
| 14 | Rasheen Aldridge | Aye |
| President | Megan E Green | Aye |
| 12 | Sharon Tyus | Did Not Vote |
