File #: 904-18    Version: 1 Name:
Type: Emergency Ordinance Status: To be Passed/Adopted
File created: 7/18/2018 In control: City Council
On agenda: 8/15/2018 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 Alto JHB Acquisition, LLC, and/or its designee, to support debt service related to the Euclid Grand Redevelopment Project and assist with the redevelopment of market rate apartments, commercial space, and parking for residents; 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: AGREEMENTS, CLEVELAND METROPOLITAN SCHOOL DISTRICT , ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF )
Attachments: 1. 904-18-ed-EOrd-TIF - Euclid Grand Redevelopment, 2. 904-18-A-FILE
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Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Alto JHB Acquisition, LLC, and/or its designee, to support debt service related to the Euclid Grand Redevelopment Project and assist with the redevelopment of market rate apartments, commercial space, and parking for residents; to provide for payments to the Cleveland City School District; and to declare certain improvements to real property to be a public purpose.