Ordinance 71325

Chapter 99 Redevelopment Plan for the N. Newstead Ave./Cottage Ave./Whittier St./Page Blvd. Redevelopment Area

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Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the N. Newstead Ave./Cottage Ave./Whittier St./Page Blvd. Redevelopment Area. This Board Bill will allow up to a twenty-five (25) year tax abatement as follows: ten (10) years based on 95% of the assessed value of the incremental improvements, followed by fifteen (15) years based on 50% of the assessed value of the incremental improvements. This Area includes both occupied and unoccupied residential and commercial buildings and vacant lots.

Overview

Session: 2020-2021

Board Bill Number: 213

Sponsor: Dwinderlin Evans

Committee: Housing, Urban Development and Zoning

Effective: 03/23/2021

Legislative History

  • 01/08/2021

    First Reading

  • 01/15/2021

    Second Reading

  • 01/22/2021

    Perfection

  • 02/05/2021

    Third Reading

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