GOV
Ordinance 71624
Redevelopment Plan for the Gateway South Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the Gateway South Redevelopment Area. The projects will include the renovation of numerous commercial, and industrial buildings and construction of new buildings in 94 acres in the Downtown, Kosciusko, and La Salle Park neighborhoods. The uses will be commercial, industrial, and residential. This Board Bill will allow up to fifteen (15) years of tax abatement (10 years based on 90 percent of the assessed value of the incremental improvements and followed by 5 years based on 50 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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12/09/2022
First Reading
Bill text was introduced (2.89 MB PDF).
12/09/2022Referred 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 71624. Effective date is 03/16/2023
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