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File #: 906-2020    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 11/15/2020 In control: City Council
On agenda: 12/2/2020 Final action: 12/2/2020
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Library Lofts LLC and/or UC City Center LLC, and/or their designees, to provide for the development of a new library, residential units, retail space, and new parking for the Circle Square Development Project located at 10600 and 10605 Chester 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: Kevin Conwell, Anthony Brancatelli, Kevin Kelley, By Departmental Request
Attachments: 1. Ord. No. 906-2020, 2. 906-2020-A-FILE - TIF Ag w Library Lofts or UC City Center for Circle Square Development - Copy, 3. Ord. 906-2020 Exec. Summary - Library Lofts LLC TIF

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Library Lofts LLC and/or UC City Center LLC, and/or their  designees, to provide for the development of a new library, residential units, retail space, and new parking for the Circle Square Development Project located at 10600 and 10605 Chester Avenue; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.