Ordinance 71325

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

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Ordinance

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.

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Legislative History

Session: 2020-2021
Board Bill Number: 213
Primary Sponsor: Dwinderlin Evans
Co-Sponsors:
Committee: Housing, Urban Development and Zoning
First Reading: 01/08/2021
Second Reading: 01/15/2021
Perfection: 01/22/2021
Third Reading: 02/05/2021
Effective Date: 03/23/2021

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