Ordinance 71757

Chapter 99 Redevelopment Plan for the 3041 Locust Blvd. Redevelopment Area

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This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3041 Locust Blvd. Redevelopment Area. This Area has a parcel that includes a commercial building that is in the Midtown Neighborhood. The property in the Area is currently blighted and is in a deteriorated condition that constitutes an economic liability to the City. The building was purchased for $1.1 million. The prospective redeveloper plans on renovating the commercial building at 3041 Locust St. into 8 apartments and 5,800 sf for offices for the approximate cost of $4.7 million including acquisition. Private financing and historic tax credits will be sought to finance the project. This Board Bill includes no use of eminent domain and ten (10) year tax abatement based on 75 percent of the assessed value of the incremental improvements.


Session: 2023-2024

Board Bill Number: 138

Primary Sponsors: Laura Keys

Effective: 01/18/2024

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

  • 10/13/2023

    First Reading

    Bill text was introduced (2.83 MB PDF).

  • 10/13/2023

    Referred to a Committee

    The bill was assigned to the Housing, Urban Development and Zoning Committee.

  • 11/14/2023

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.

  • 11/17/2023

    Second Reading

  • 12/01/2023


    The bill was passed.

  • 12/08/2023


    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 12/08/2023

    Third Reading

    The bill was passed.

  • 12/08/2023

    Delivered to Mayor

  • 12/18/2023

    Mayor Returns Bill

    The bill was approved.

  • 12/19/2023

    Delivered to Register

  • 01/09/2024

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71757. Effective date is 01/18/2024


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