Ordinance 71195

Chapter 99 Redeveolpment Plan 1417-1433 Tower Grove Ave.

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Ordinance

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 1417-1433 Tower Grove Ave. Redevelopment Area. This Board Bill will allow 1417-1433 Tower Grove Ave. to have 5-year tax abatement based on 75% of the assessed value of the incremental improvements. The project consists of the renovation of an existing mixed use building in the Forest Park Southeast neighborhood. The prospective redeveloper plans on converting the building into 10 apartments. Approximate cost of the project is $1,061,442.

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Legislative History

Session: 2020-2021
Board Bill Number: 31
Primary Sponsor: Joseph D Roddy
Co-Sponsors:
Committee: Neighborhood Development
First Reading: 05/21/2020
Second Reading: 06/23/2020
Perfection: 06/26/2020
Third Reading: 07/08/2020
Effective Date: 08/24/2020

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