Chapter 99 Redevelopment Plan for the 2000 - 2020 North Broadway & 2001 North 2nd St. Redevelopment Area
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 2000 - 2020 North Broadway & 2001 North 2nd St. Redevelopment Area. This Board Bill will allow up to twenty years of tax abatement provided as follows: fifteen years (15) years of tax abatement based on 95% of the assessed value of the incremental improvements, followed by 5 years of tax abatement based on 90% of the assessed value of the incremental improvements. This Area includes unoccupied property which will be redeveloped for residential use.
Board Bill Number: 220
Sponsor: Tammika Hubbard
Committee: Neighborhood Development