Ordinance 71725
Chapter 99 Redevelopment Plan for the 3417 Louisiana Ave. Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3417 Louisiana Ave. Redevelopment Area. The project consists of the renovation of a single-family home in the Benton Park West neighborhood. The prospective redeveloper acquired the property from LRA and plans on renovating the home consisting of 3 bedrooms and 2 bathrooms at the cost of $397,775. The redeveloper plans to utilize private funds for this project and financing from Community Development Administration (CDA). The asking price for this property will be approximately $195,000. Based on the Recommended Abatement Map approved October 26, 2018 by Board of Aldermen Resolution 104, a 10-year tax abatement based on 75 percent of the assessed value of the incremental Improvements is recommended.
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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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06/30/2023
First Reading
Bill text was introduced (744.94 KB PDF).
06/30/2023Referred to a Committee
The bill was assigned to the Housing, Urban Development and Zoning Committee.
09/20/2023Committee Hearing
The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.
09/22/2023Second Reading
09/29/2023Perfection
The bill was passed.
10/06/2023Engrossment
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.
10/06/2023Third Reading
The bill was passed.
10/06/2023Delivered to Mayor
10/26/2023Mayor Returns Bill
The bill was approved.
10/26/2023Delivered to Register
11/14/2023Register Returns Notice with Ordinance Number
Register returns ordinance number 71725. Effective date is 11/26/2023
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