File #: 867-2019    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 7/25/2019 In control: City Council
On agenda: 8/21/2019 Final action: 8/21/2019
Passage/adoption date: 8/21/2019
Effective date: 8/26/2019    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Jennings Freeway Industrial Park, an Ohio general partnership, or its designee, to fund eligible project debt relating to the Strike Force project located at 4781 Hinckley Industrial Parkway; 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, Kevin J. Kelley, By Departmental Request
Indexes: AGREEMENTS, CLEVELAND METROPOLITAN SCHOOL DISTRICT , ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF ) , WARD 12
Attachments: 1. 867-2019-EOrd-TIF - Jennings Freeway for Project Strike Force, 2. 867-2019-A-FILE, 3. 867-2019 Exec. Summary - Jennings Freeway Industrial Park TIF

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Jennings Freeway Industrial Park, an Ohio general partnership, or its designee, to fund eligible project debt relating to the Strike Force project located at 4781 Hinckley Industrial Parkway; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.