File #: 499-2025    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 4/10/2025 In control: City Council
On agenda: 6/2/2025 Final action: 6/2/2025
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Shoreway Tower, LLC, and/or its designee, to assist with the financing of the Shoreway Tower Project to be located at 1200 West 76th Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.
Sponsors: Jenny Spencer, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF ) , WARD 15
Attachments: 1. 499-2025-TIF w Shoreway Tower LLC for 1200 W 76th Shoreway Tower project, 2. 499-2025-A-FILE-TIF w Shoreway Tower, LLC for 1200 W 76th Shoreway Tower project, 3. 499-2025 PRESENTATION, 4. 499-2025 Executive Summary

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Shoreway Tower, LLC, and/or its designee, to assist with the financing of the Shoreway Tower Project to be located at 1200 West 76th Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.