File #: 1449-18    Version: 1 Name:
Type: Emergency Ordinance Status: To be Passed/Adopted
File created: 11/23/2018 In control: City Council
On agenda: 12/3/2018 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 Statler Cleveland Holding, LLC, or its designee, to support debt service and to assist with the redevelopment to the project located at 1127 Euclid Avenue and 1111 Hickory Court; 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: CLEVELAND METROPOLITAN SCHOOL DISTRICT , ECONOMIC DEVELOPMENT DEPARTMENT, PUBLIC IMPROVEMENTS, TAX INCREMENT FINANCING ( TIF ) , WARD 03
Attachments: 1. 1449-18-EOrd-TIF - Statler Arms, 2. 1449-18-A-FILE, 3. 1449-18 Exec. Summary - Statler Arms TIF agreement
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Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Statler Cleveland Holding, LLC, or its designee, to support debt service and to assist with the redevelopment to the project located at 1127 Euclid Avenue and 1111 Hickory Court; to provide for payments to the Cleveland City School District; and to declare certain improvements to real property to be a public purpose.