https://cityofcleveland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6772167&GUID=E4B33F4D-4440-49D1-83D9-92B4E65A1E92&G=2EB18EF1-2C21-4D1D-85C9-B38100AB8FFDLegistar15https://cityofcleveland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6772167&GUID=E4B33F4D-4440-49D1-83D9-92B4E65A1E92&G=2EB18EF1-2C21-4D1D-85C9-B38100AB8FFDE4B33F4D-4440-49D1-83D9-92B4E65A1E92-2026-08-04-19-45-08Title: AN EMERGENCY ORDINANCE To remove certain parcels of property from the Shore-to-Core-to-Shore TIF District created by Ordinance No. 38-2024, passed March 25, 2024, pursuant to 5709.40(B); to declare certain improvements to real property to be a public purpose and exempt from taxation pursuant to Section 5709.41 of the Revised Code for an initial period of thirty (30) years; to require the owners of the improvements to make service payments in lieu of the exempt taxes; to determine that the real property is in a blighted area of an impacted city; to determine that the owners of the improvements will make service payments in lieu of taxes in an amount that will exceed one million five hundred thousand dollars in a future year; to extend the exemption from taxation pursuant to Section 5709.51 of the Revised Code for an additional fifteen (15) year period; and authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Cleveland LD, LLC, and/or its designee, to redevelop Cleveland’s riverfront.Tue, 04 Aug 2026 19:45:08 GMT