File #: 1368-2023    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 11/24/2023 In control: City Council
On agenda: 2/12/2024 Final action: 2/12/2024
Passage/adoption date: 2/12/2024
Effective date: 2/13/2024    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into an Enterprise Zone Agreement with International Food Solutions, and/or its designee, to provide for tax abatement for certain real property improvements to the existing Goodwill building located at 2295 East 55th Street as an incentive to locate its food manufacturing and processing facility in Cleveland Area Enterprise Zone; and authorizing the Directors of Economic Development and Finance to enter into a Job Creation Income Tax Credit Incentive Program agreement to facilitate the purpose and provisions of this ordinance.
Sponsors: Richard A. Starr, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, ENTERPRISE ZONE AGREEMENT, FINANCE DEPARTMENT
Attachments: 1. 1368-2023-Entpr Zn - Tax Abatement and JCI Tax Credit Grant K w International Foods, 2. 1368-2023-A File Executive Summary, 3. 1368-2023 PRESENTATION, 4. FINAL VERSION - City Record 2/23/24, Page 41

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into an Enterprise Zone Agreement with International Food Solutions, and/or its designee, to provide for tax abatement for certain real property improvements to the existing Goodwill building located at 2295 East 55th Street as an incentive to locate its food manufacturing and processing facility in Cleveland Area Enterprise Zone; and authorizing the Directors of Economic Development and Finance to enter into a Job Creation Income Tax Credit Incentive Program agreement to facilitate the purpose and provisions of this ordinance.