AN EMERGENCY ORDINANCE To remove certain parcels of property from the Shore-to-Core-to-Shore TIF District created by Ordinance No. 38-2024, passed March 25, 2024, pursuant to 5709.40(B); to declare certain improvements to real property to be a public purpose and exempt from taxation pursuant to Section 5709.41 of the Revised Code for an initial period of thirty (30) years; to require the owners of the improvements to make service payments in lieu of the exempt taxes; to determine that the real property is in a blighted area of an impacted city; to determine that the owners of the improvements will make service payments in lieu of taxes in an amount that will exceed one million five hundred thousand dollars in a future year; to extend the exemption from taxation pursuant to Section 5709.51 of the Revised Code for an additional fifteen (15) year period; and authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Cleveland LD, LLC, and/or its designee, to redevelop Cleveland’s riverfront.
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- Cleveland LD, LLC 3 records across this site
- Runs until
- July 8, 2039 13 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
- Field
- Public safety
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Cleveland LD, LLC also holds
AN EMERGENCY ORDINANCE To supplement Ordinance No. 746-2024, passed August 7, 2024, relating to the Bedrock .41 TIF District by adding three new where… AN EMERGENCY ORDINANCE Authorizing the Mayor and the Commissioner of Purchases and Supplies to acquire and re-convey properties presently owned by Cle…- Committee
- City Council
- Introduced
- July 8, 2024
- On agenda
- August 7, 2024
- Passed
- August 7, 2024
- Enacted
- August 7, 2024
Where it was heard
Committee of the Whole City Council Joint Committee City CouncilWatch what Cleveland buys
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