Ordinance 71271

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

New Search

Summary

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.

Overview

Session: 2020-2021

Board Bill Number: 136

Sponsor: Dwinderlin Evans

Committee: Housing, Urban Development and Zoning

Effective: 02/27/2021

Legislative History

  • 10/09/2020

    First Reading

  • 11/20/2020

    Second Reading

  • 12/04/2020

    Perfection

  • 01/08/2021

    Third Reading

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.