Ordinance 71719
Chapter 99 Redevelopment Plan for the 4923-4949 Dr. Martin Luther King Dr. Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4923-4949 Dr. Martin Luther King Dr. Redevelopment Area. The prospective redeveloper plans on renovating the commercial building at 4949 Dr. Martin Luther King Dr. which will house a restaurant space for the approximate cost of $3.7million. The redevelopment plan and blighting study also includes the long vacant commercial building at 4923-4925 Dr. Martin Luther King Dr. for the possibility of using eminent domain in the future as an action of last resort if negotiations fail. This Board Bill will allow ten (10) years of tax abatement based on 95 percent of the assessed value of the incremental improvement).
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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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06/15/2023
First Reading
Bill text was introduced (3.89 MB PDF).
06/15/2023Referred to a Committee
The bill was assigned to the Housing, Urban Development and Zoning Committee.
06/29/2023Committee Hearing
The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.
07/14/2023Second Reading
07/20/2023Perfection
The bill was passed.
09/15/2023Engrossment
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.
09/15/2023Third Reading
The bill was passed.
09/15/2023Delivered to Mayor
09/27/2023Mayor Returns Bill
The bill was approved.
09/27/2023Delivered to Register
09/29/2023Register Returns Notice with Ordinance Number
Register returns ordinance number 71719. Effective date is 10/25/2023
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