File #: 1234-2022    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 11/18/2022 In control: City Council
On agenda: 12/5/2022 Final action: 12/5/2022
Passage/adoption date: 12/5/2022
Effective date: 12/7/2022    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Peninsula MFH Owner LLC, and/or its designee, to assist with the financing of the Carter Road Apartment Project to be located at 1951 through 1961 Carter Road; 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 T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: AGREEMENTS, ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF ) , WARD 03
Attachments: 1. 1234-2022-TIF w Peninsula for Carter Road Project, 2. 1234-2022-A-FILE - TIF w Peninsula for Carter Road, 3. 1234-2022 Exec. Summary -TIF Peninsula MCF

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Peninsula MFH Owner LLC, and/or its designee, to assist with the financing of the Carter Road Apartment Project to be located at 1951 through 1961 Carter Road; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.