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File #: 557-2021    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 7/10/2021 In control: City Council
On agenda: 10/18/2021 Final action: 10/18/2021
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with 5506 Detroit, LLC, and/or its designee, to fund eligible project costs or projected debt for the financing of the Waverly & Oak Apartments Project located at 5506 Detroit 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: Jenny Spencer, Anthony Brancatelli, Kevin J. Kelley, By Departmental Request
Attachments: 1. 557-2021-TIF w 5506 Detroit Group, LLC for Waverly and Oak project on 5506 Detroit, 2. 557-2021-A-FILE - TIF w 5506 Detroit Group, LLC for Waverly and Oak project on 5506 Detroit, 3. 557-2021 Exec. Summary - Waverly & Oak TIF

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with 5506 Detroit, LLC, and/or its designee, to fund eligible project costs or projected debt for the financing of the Waverly & Oak Apartments Project located at 5506 Detroit Avenue; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.