Ordinance 71278

Elimination of the Maryland Plaza North, Convention Center Hotel, 1141-1151 South Seventh Street, 1312 Washington and MLK Plaza Special Allocation Funds

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Ordinance

This Board Bill eliminates the Maryland Plaza North, Convention Center Hotel, 1141-1151 South Seventh Street, 1312 Washington and MLK Plaza Special Allocation Funds for these Tax Increment Financings (TIFs) because the City payed off and retired the Notes/Bonds for said TIFs. 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: 165
Primary Sponsor: Joseph D Roddy
Co-Sponsors: Heather Navarro
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: 01/27/2021

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