Ordinance 71149

Redevelopment Plan for the 4101 North Grand Blvd. Redevelopment Area

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Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4101 North Grand Blvd. Redevelopment Area. This Board Bill will allow 4101 North Grand Blvd. to have 10-year tax abatement based on 95% of the assessed value of the incremental improvements. The project consists of the renovation of two partially occupied commercial buildings in the Fairground neighborhood. The prospective redeveloper plans on renovating the buildings for the approximate cost of $990,000. The redeveloper plans to utilize private funds for this project. The two buildings will have a total of 35,000 square feet of commercial space.

Overview

Session: 2019-2020

Board Bill Number: 213

Sponsor: Brandon Bosley

Committee: Housing, Urban Development and Zoning

Effective: 06/07/2020

Legislative History

  • 02/07/2020

    First Reading

  • 03/06/2020

    Second Reading

  • 03/13/2020

    Perfection

  • 04/20/2020

    Third Reading

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