File #: 1369-2025    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 10/24/2025 In control: City Council
On agenda: 11/10/2025 Final action: 11/10/2025
Passage/adoption date: 11/10/2025
Effective date: 11/11/2025    
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. FINAL VERSION CIty Record 11/21/2025 Page 125, 2. 1369-2025-TIF w Pennrose Holding for Warney Swasey buildings for apartments, 3. 1369-2025-A File-TIF w Pennrose Holding for Warney Swasey buildings for apartments, 4. 1369-2025 PRESENTATION, 5. 1369-2025 Legislative Summary - Pennrose TIF

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.