File #: 434-2025    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 3/28/2025 In control: City Council
On agenda: 4/14/2025 Final action: 4/14/2025
Passage/adoption date: 4/14/2025
Effective date: 4/16/2025    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with JSAACC LLC, and/or its designee, to assist with the financing of the African Town Plaza Project to be located at 7515 Cedar Avenue, Cleveland, Ohio; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.
Sponsors: Richard A. Starr, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF ) , WARD 05
Attachments: 1. 434-2025-TIF Ag w JSAACC LLC for African Town Plaza, 2. 434-2025-A-FILE-TIF Ag w JSAACC LLC for African Town Plaza, 3. 434-2025 Executive Summary, 4. 434-2025 PRESENTATION, 5. FINAL VERSION - CITY RECORD 4/25/25 PAGE 71

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with JSAACC LLC, and/or its designee, to assist with the financing of the African Town Plaza Project to be located at 7515 Cedar Avenue, Cleveland, Ohio; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.