Ordinance 71047

Establish Olive West CID

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Summary

The Bill will authorize the creation of the Olive West CID, which will levy a special assessment on buildings in the District to help defray a portion of the cost of land assemblage, land clearance, the installation of new sewers, sidewalks, trees and landscaping, and the renovation of the historic Wolfner Library within the District. The special assessment authorized in the petition is up to $4.50 per square foot on residential buildings and $6.00 per square foot on commercial buildings. It is estimated that the special assessment will result in approximately $1.8 million of assistance to the project.

Overview

Session: 2019-2020

Board Bill Number: 98

Primary Sponsors: Marlene E Davis

Committee: Ways and Means

Effective: 12/26/2019

Legislative History

  • 09/13/2019

    First Reading

  • 10/25/2019

    Second Reading

  • 11/01/2019

    Perfection

  • 11/08/2019

    Third Reading

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