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File #: 484-2021    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 6/4/2021 In control: City Council
On agenda: 6/7/2021 Final action: 6/7/2021
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with The Inspirion Group, LTD, and/or its designee, to fund eligible project costs and project debt for the financing of the Addis View Project to be located at Chester Avenue and East 90th Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.
Sponsors: Basheer S. Jones, Anthony Brancatelli, Kevin J. Kelley, By Departmental Request
Attachments: 1. 484-2021 - FP Letter - TIF w Inspirion, 2. 484-2021 - FP Letter - TIF w Inspirion, 3. 484-2021-A-FILE - TIF w Inspirion Group for Addis View Project

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with The Inspirion Group, LTD, and/or its designee, to fund eligible project costs and project debt for the financing of the Addis View Project to be located at Chester Avenue and East 90th Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.