File #: 1211-2019    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 9/26/2019 In control: City Council
On agenda: 10/21/2019 Final action: 10/21/2019
Passage/adoption date: 10/21/2019
Effective date: 10/22/2019    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Electric Gardens, LLC, or its designee, to construct the Electric Gardens complex on vacant land near West 5th Street and Literary Road; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.
Sponsors: Anthony Brancatelli, Kerry McCormack, Kevin J. Kelley, By Departmental Request
Indexes: CLEVELAND METROPOLITAN SCHOOL DISTRICT , ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF ) , WARD 03
Attachments: 1. 1211-2019 TIF - Electric Gardens, 2. 1211-2019 Electric Gardens, LLC TIF

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Electric Gardens, LLC, or its designee, to construct the Electric Gardens complex on vacant land near West 5th Street and Literary Road; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.