GOV
Board Bill Number 108 Votes In Session 2024-2025
Industrial Development Bond Transaction to Facilitate a Sale
Board Bill
This Board Bill authorizes the City to enter into an industrial development bond transaction to facilitate a sales and use tax exemption on construction materials used to construct a development project consisting of an approximately 145,000-square-foot seven-story building (including approximately 173 apartment units and 2,000 square feet of commercial space) and related parking and infrastructure to be located southwest of the intersection of Clayton Avenue and Sarah Street. The industrial development bonds authorized by this Board Bill will be secured solely by lease payments made by the developer. The bonds do not constitute a debt of the City and are not payable from any City tax revenues.
11/01/2024 Final Passage Vote Results
This board bill was part of a consent vote along with BB 74, BB 83, BB 89, BB 90, BB 91, BB 92, BB 95, BB 108, BB 109
| 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 |
| 12 | Sharon Tyus | Aye |
| 14 | Rasheen Aldridge | Aye |
| President | Megan E Green | Aye |
| 13 | Pamela Boyd | Did Not Vote |
