Ordinances by Alderman Norma Walker
Ordinances introduced, authored, and co-authored by this alderman
Repealing Ordinance Number 71451 Chapter 99 Redevelopment Plan 4201 R Geraldine Redevelopment Area
The proposed bill will repeal Ordinance Number 71451, which approved a Chapter 99 Redevelopment Plan and Bighting Study for the 4201 R Geraldine Redevelopment Area allowing up to a ten-year tax abatement at ninety-five percent.
Redevelopment Plan for the 3401 Goodfellow Blvd Area
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3401 Goodfellow Blvd Area. The project consists of the renovation of 11 residential buildings in the Wells/Goodfellow neighborhood. The prospective redeveloper plans on renovating all 146 units ranging from 2-3 bedrooms, at the cost of $ 30.5 million. The redeveloper plans to utilize Affordable Housing Trust Fund, Nat’l/Affordable Housing Trust Fund, LIHTC and private funds for this project. The financial model concludes that the project supports fifteen (15) years of tax abatement (10) years based on 95 percent of the assessed value of the incremental improvements and followed by (5 years based on 50 percent of the assessed value of the incremental improvements) and the LCRA Board concurs. This Board Bill will allow fifteen (15) years of tax abatement (10 years based on 95 percent of the assessed value of the incremental improvements and followed by (5 years based on 50 percent of the assessed value of the incremental improvements).
Certain American Rescue Plan Act Funds
The proposed bill is recommended by the Board of Estimate and Apportionment. The bill will apportion of funds received under the American Rescue Plan Act, and authorizes certain expenditures of such funds, to the extent received, and authorizes contracts and other documents to expend the funds, to the extent received.
Benjamin Polson Way
The proposed bill authorizes the honorary street name Benjamin Polson Way pursuant to Ordinance 68937. Benjamin Polson Way will begin at the intersection of Shawmut Place and Ridge Avenue and run north on Shawmut Place to the intersection of Shawmut Place and North Wells Avenue.
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