GOV
Ordinance 71330
Chapter 99 Redevelopment Plan for the 1319 & 1321 Benton St. and 2500 N. 14th St. Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 1319 & 1321 Benton St. and 2500 N. 14th St. Redevelopment Area. This Board Bill will allow up to fifteen years of tax abatement provided as follows: ten years (10) years of tax abatement based on 95% of the assessed value of the incremental improvements, followed by five (5) years of tax abatement based on 50% of the assessed value of the incremental improvements. This Area includes vacant lots which will be redeveloped for mixed-use.
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Overview
Session: 2020-2021
Board Bill Number: 227
Primary Sponsors: Tammika Hubbard
Committee: Neighborhood Development
Effective: 03/23/2021
Legislative History
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01/08/2021
First Reading
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01/15/2021
Second Reading
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01/22/2021
Perfection
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02/05/2021
Third Reading
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