GOV
Ordinance 71621
Redevelopment Plan for the 718-720 Lumiere Pl.
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 718-720 Lumiere Pl. and 212 Morgan St. Redevelopment Area. The project consists of the renovation of two unoccupied commercial buildings to create mixed uses. The prospective redeveloper plans on renovating at the cost of $ 1.9 million. This Board Bill will allow ten (10) years of tax abatement (10 years based on 90 percent of the assessed value of the incremental improvements).
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Overview
Legislative History
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
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11/18/2022
First Reading
Bill text was introduced (1.06 MB PDF).
11/18/2022Referred to a Committee
The bill was assigned to the Housing, Urban Development and Zoning Committee.
01/19/2023Committee Hearing
The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.
01/20/2023Second Reading
01/27/2023Perfection
The bill was passed.
02/03/2023Engrossment
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.
02/03/2023Third Reading
The bill was passed.
02/03/2023Delivered to Mayor
02/17/2023Mayor Returns Bill
The bill was approved.
02/17/2023Delivered to Register
03/02/2023Register Returns Notice with Ordinance Number
Register returns ordinance number 71621. Effective date is 03/16/2023
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