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File #: 1413-16    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 11/28/2016 In control: City Council
On agenda: 1/23/2017 Final action: 2/1/2017
Passage/adoption date: 1/23/2017
Effective date: 1/26/2017    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with HH Cleveland Huntington LP, or their designee, to provide financial assistance toward the revitalization of the Huntington Building which is located on the corner of East 9th Street and Euclid Avenue into a mixed-use redevelopment in conjunction with the 925 Euclid Avenue project; to provide for payments to the Cleveland City School District; and to declare certain improvements to real property to be a public purpose.
Sponsors: Kerry McCormack, Anthony Brancatelli, Kevin Kelley, By Departmental Request
Indexes: AGREEMENTS, ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF ) , WARD 03
Attachments: 1. 1413-16-EOrd-TIF - 925 Euclid project with HH Cleveland Huntington, 2. 1413-16-A-FILE, 3. O.1413-16(AMEND)-TIF - 925 Euclid project with HH Cleveland Huntin, 4. 1413-16 925 TIF
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Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with HH Cleveland Huntington LP, or their designee, to provide financial assistance toward the revitalization of the Huntington Building which is located on the corner of East 9th Street and Euclid Avenue into a mixed-use redevelopment in conjunction with the 925 Euclid Avenue project; to provide for payments to the Cleveland City School District; and to declare certain improvements to real property to be a public purpose.