File #: 1369-2025    Version: 1 Name:
Type: Emergency Ordinance Status: First Reading
File created: 10/24/2025 In control: City Council
On agenda: 10/27/2025 Final action:
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Pennrose Holding LLC, and/or its designee, to assist with the financing of the Warner and Swasey I, LLC and Warner and Swasey II, LLC Projects to be located at 5701 Carnegie Avenue; 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
Attachments: 1. 1369-2025-TIF w Pennrose Holding for Warney Swasey buildings for apartments, 2. 1369-2025-A File-TIF w Pennrose Holding for Warney Swasey buildings for apartments
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Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Pennrose Holding LLC, and/or its designee, to assist with the financing of the Warner and Swasey I, LLC and Warner and Swasey II, LLC Projects to be located at 5701 Carnegie Avenue; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.