File #: 388-18    Version: 1 Name:
Type: Emergency Ordinance Status: To be Passed/Adopted
File created: 3/29/2018 In control: City Council
On agenda: 5/21/2018 Final action:
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Playhouse Square Foundation, or its designee, to support debt service related to the project and to assist with the development of a residential tower and parking garage at East 17th Street and Euclid Avenue; 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 J. Kelley, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, PLAYHOUSE SQUARE, TAX INCREMENT FINANCING ( TIF ) , WARD 03
Attachments: 1. 388-18-EOrd-TIF - Playhouse Square Project, 2. 388-18-A-FILE, 3. 388-18 Playhouse Square TIF

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Playhouse Square Foundation, or its designee, to support debt service related to the project and to assist with the development of a residential tower and parking garage at East 17th Street and Euclid Avenue; to provide for payments to the Cleveland City School District; and to declare certain improvements to real property to be a public purpose.