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File #: 1029-2021    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 11/12/2021 In control: City Council
On agenda: 12/6/2021 Final action: 12/6/2021
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with KD 55 Public Square LLC, and/or its designee, to fund eligible project costs and project debt for the financing of the redevelopment of the 55 Public Square building; 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. 1029-2021-TIF w KD 55 for 55 Public Square, 2. 1029-2021-A-FILE - TIF w KD 55 for 55 Public Square, 3. 1029-2021 Exec. Summary - 55 public sq TIF Agreement

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with KD 55 Public Square LLC, and/or its designee, to fund eligible project costs and project debt for the financing of the redevelopment of the 55 Public Square building; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.