File #: 1174-2024    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 10/25/2024 In control: City Council
On agenda: 11/25/2024 Final action: 11/25/2024
Passage/adoption date: 11/25/2024
Effective date: 12/3/2024    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with 1030 East 62nd Street LLC, and/or its designee, to assist with the financing of the 1030 East 62nd Redevelopment Project to be located at 1030 East 62nd 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: Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, PURCHASES AND SUPPLIES DIVISION, TAX INCREMENT FINANCING ( TIF ) , WARD 10
Attachments: 1. 1174-2024-TIF w 1030 E 62, LLC for bg at 1030 E 62, 2. 1174-2024 Executive Summary, 3. 1174-2024-A FILE, 4. 1174-2024 PRESENTATION, 5. FINAL VERSION - CITY RECORD 12/6/2024 Page 100

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with 1030 East 62nd Street LLC, and/or its designee, to assist with the financing of the 1030 East 62nd Redevelopment Project to be located at 1030 East 62nd Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.