File #: 702-2021    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 8/13/2021 In control: City Council
On agenda: 12/6/2021 Final action: 12/6/2021
Passage/adoption date: 12/6/2021
Effective date: 12/7/2021    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Fairfax Renaissance Development Corp., and/or its designee, to partially finance the development of the Innovation Square mixed-use neighborhood project located on the west side of East 105th 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: Blaine A. Griffin, Anthony Brancatelli, Kevin J. Kelley, By Departmental Request
Attachments: 1. 702-2021-TIF w Fairfax for Innovation Square, 2. 702-2021-A-FILE - TIF w Fairfax for Innovation Square, 3. 702-2021 Exec. Summary - Fairfax Innovation Square $1.3M Loan, 4. 702-2021 Innovation Square, 5. 702-2021 Innovation Square 2, 6. 702-2021 Innovation Square 3

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Fairfax Renaissance Development Corp., and/or its designee, to partially finance the development of the Innovation Square mixed-use neighborhood project located on the west side of East 105th Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.