File #: 1091-2023    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 9/21/2023 In control: City Council
On agenda: 10/23/2023 Final action: 10/23/2023
Passage/adoption date: 10/23/2023
Effective date: 10/25/2023    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Apartment 92-The Apollo, LLC, and/or its designee, to assist with the financing of the Apollo Mixed-Use Development Project to be located at 1250 Riverbed 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: Kerry McCormack, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, TAX INCREMENT FINANCING ( TIF ) , WARD 03
Attachments: 1. 1091-2023-TIF - Apollo Apartment 92, 2. 1091-2023-A-FILE-TIF - Apollo Apartment 92, 3. 1091-2023 Executive Summary - TIF, 4. 1091-2023 PRESENTATION 10.17.2023, 5. FINAL VERSION - City Record Nov.3, 2023 Page 141

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Apartment 92-The Apollo, LLC, and/or its designee, to assist with the financing of the Apollo Mixed-Use Development Project to be located at 1250 Riverbed Street; to provide for payments to the Cleveland Metropolitan School District; and to declare certain improvements to real property to be a public purpose.