File #: 1212-17    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 10/5/2017 In control: City Council
On agenda: 10/30/2017 Final action: 10/30/2017
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with CAC Project 2014 Limited Liability Company, or its designee, and a Cooperative Agreement with the Cleveland-Cuyahoga County Port Authority and such company, to provide gap financing needed for the redevelopment of the Cleveland Athletic Club located at 1118-1148 Euclid Avenue; to provide for payments to the Cleveland Metropolitan School District; to declare certain improvements to real property to be a public purpose; and declaring an emergency.
Sponsors: Kerry McCormack, Anthony Brancatelli, Kevin J. Kelley, By Departmental Request
Indexes: COOPERATIVE AGREEMENT , CUYAHOGA COUNTY PORT AUTHORITY, ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF )
Attachments: 1. 1212-17-ed-EOrd-TIF with CAC Project for the Cleveland Athletic Club, 2. 1212-17-A-FILE, 3. 1212-17 Admin Report, 4. 1212-17 Exec Summary

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with CAC Project 2014 Limited Liability Company, or its designee, and a Cooperative Agreement with the Cleveland-Cuyahoga County Port Authority and such company, to provide gap financing needed for the redevelopment of the Cleveland Athletic Club located at 1118-1148 Euclid Avenue; to provide for payments to the Cleveland Metropolitan School District; to declare certain improvements to real property to be a public purpose; and declaring an emergency.