Ordinance 71195

Chapter 99 Redeveolpment Plan 1417-1433 Tower Grove Ave.

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Summary

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.

Overview

Session: 2020-2021

Board Bill Number: 31

Primary Sponsors: Joseph D Roddy

Committee: Neighborhood Development

Effective: 08/24/2020

Legislative History

  • 05/21/2020

    First Reading

  • 06/23/2020

    Second Reading

  • 06/26/2020

    Perfection

  • 07/08/2020

    Third Reading

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