Ordinance 71277

Elimination of the 4494 Lindell Special Allocation Funds

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Ordinance

This Board Bill eliminates the 4494 Lindell Special Allocation Funds for the TIF due to the Developer failing to enter into the Redevelopment Agreement timely without an extension. The Special Allocation Funds will pass through any PILOTs and EATs captured to the statutory Taxing Jurisdictions.

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Legislative History

Session: 2020-2021
Board Bill Number: 159
Primary Sponsor: Joseph D Roddy
Co-Sponsors:
Committee: Housing, Urban Development and Zoning
First Reading: 11/13/2020
Second Reading: 11/20/2020
Perfection: 12/04/2020
Third Reading: 01/08/2021
Effective Date: 02/27/2021

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