File #: 188-2023    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 2/3/2023 In control: City Council
On agenda: 5/1/2023 Final action: 5/1/2023
Passage/adoption date: 5/1/2023
Effective date: 5/2/2023    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with 1900 East 6th Street, LLC, and/or its designee, to assist with the financing of the Fidelity Hotel Project to be located at 1900 East 6th 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: Kerry McCormack, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, PURCHASES AND SUPPLIES DIVISION, TAX INCREMENT FINANCING ( TIF ) , WARD 03
Attachments: 1. 188-2023-TIF w 1900 East 6th Street LLC for Fidelity Hotel Project, 2. 188-2023-A-FILE - TIF w 1900 East 6th Street LLC for Fidelity Hotel Project, 3. 188-2023 Chart -Bed Tax, 4. 188-2023 Presentation -NRE CLE Deck, 5. Final Version - City Record May 12, 2023 Page 107

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with 1900 East 6th Street, LLC, and/or its designee, to assist with the financing of the Fidelity Hotel Project to be located at 1900 East 6th Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.