Ordinance 71047

Establish Olive West CID

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Ordinance

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.

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Legislative History

Session: 2019-2020
Board Bill Number: 98
Primary Sponsor: Marlene E Davis
Co-Sponsors:
Committee: Ways and Means
First Reading: 09/13/2019
Second Reading: 10/25/2019
Perfection: 11/01/2019
Third Reading: 11/08/2019
Effective Date: 12/26/2019

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