File #: 840-2025    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 7/7/2025 In control: City Council
On agenda: 7/9/2025 Final action: 7/9/2025
Passage/adoption date: 7/9/2025
Effective date: 7/14/2025    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with TDG Franklin Realty, LLC, and/or its designee, to assist with the financing of the Franklin Yards South Project to be located at 3105 Franklin Boulevard; 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: CLEVELAND METROPOLITAN SCHOOL DISTRICT , ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF ) , WARD 03
Attachments: 1. 840-2025-FOR PASSAGE-TIF - Franklin Realty, 2. 840-2025-A-FILE - TIF - Franklin Realty, 3. 840-2025 Legis Summary - TDG Franklin Realty, LLC TIF 3105 Franklin Blvd, 4. 839-2025 & 840-2025 CBA AGREEMENT_FRANKLIN NORTH AND SOUTH, 5. x840-2025-FP Letter

Title
AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with TDG Franklin Realty, LLC, and/or its designee, to assist with the financing of the Franklin Yards South Project to be located at 3105 Franklin Boulevard; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.