File #: 161-2020    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 1/30/2020 In control: City Council
On agenda: 2/10/2020 Final action: 2/10/2020
Passage/adoption date: 2/10/2020
Effective date: 2/12/2020    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Harbor Bay Real Estate Advisors, LLC, or its designee, to partially finance the public purpose improvements including project debt service for project site located at West 25th Street and Lorain Avenue; 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 Brancatelli, Kevin J. Kelley, By Departmental Request
Attachments: 1. 161-2020-FILE-TIF w with Harbor Bay for Market Square Project, 2. File 161-2020-A - TIF with Harbor Bay for Market Square Project, 3. 161-2020 Exec. Summary - Harbor Bay TIF

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Harbor Bay Real Estate Advisors, LLC, or its designee, to partially finance the public purpose improvements including project debt service for project site located at West 25th Street and Lorain Avenue; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.