Ordinance 71271

Chapter 99 Redevelopment Plan for the N. Newstead Ave./Lexington Ave./Whittier Ave./Kennerly Ave. Redevelopment Area

New Search

Ordinance

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the N. Newstead Ave./Lexington Ave./Whittier Ave./Kennerly Ave. Redevelopment Area. This Board Bill will allow up to a twenty-five (25) year tax abatement; 10 years tax abatement based on 95% of the assessed value of the incremental improvements followed by 15 years tax abatement based on 50% of the assessed value of the incremental improvements. This Area includes 154.36 acres of both occupied and unoccupied residential and commercial buildings and vacant lots.

Download Full Ordinance

Document attachments can only be viewed if opened with Adobe Reader

Legislative History

Session: 2020-2021
Board Bill Number: 136
Primary Sponsor: Dwinderlin Evans
Co-Sponsors:
Committee: Housing, Urban Development and Zoning
First Reading: 10/09/2020
Second Reading: 11/20/2020
Perfection: 12/04/2020
Third Reading: 01/08/2021
Effective Date: 02/27/2021

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.