File #: 161-2025    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 1/31/2025 In control: City Council
On agenda: 2/3/2025 Final action: 2/3/2025
Passage/adoption date: 2/3/2025
Effective date: 2/4/2025    
Title: AN EMERGENCY ORDINANCE To reinstate Enterprise Zone Agreement No.CT9501 NF 2017-028 with 105TH Cedar Partners, LLC, or its designee, to provide for tax abatement for certain real property improvements as an incentive for the development of an office building and attraction of new jobs located at 10500 Cedar Avenue in the Cleveland Area Enterprise Zone to transfer and amend the contract to extend the term of the abatement from ten years to fifteen.
Sponsors: Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, ENTERPRISE ZONE AGREEMENT, TAX ABATEMENT
Attachments: 1. 161-2025-FOR PASSAGE-Reinstate and amend Entpr Zn Ag w Hemingway Dev or Canon Healthcare for office Bg at 10500 Cedar, 2. 161-2025-FP letter- Reinstate and amend Entpr Zn Ag w Hemingway Dev or Canon Healthcare for office Bg at 10500 Cedar, 3. FINAL VERSION - CITY RECORD 2/14/25 PAGE 105

Title

AN EMERGENCY ORDINANCE To reinstate Enterprise Zone Agreement No.CT9501 NF 2017-028 with 105TH Cedar Partners, LLC, or its designee, to provide for tax abatement for certain real property improvements as an incentive for the development of an office building and attraction of new jobs located at 10500 Cedar Avenue in the Cleveland Area Enterprise Zone to transfer and  amend the contract to extend the term of the abatement from ten years to fifteen.