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Neighborhood Development Committee Meeting

The Neighborhood Development Committee will meet to review and discuss the following:

Board Bills

Board Bill Number 118
Introduced by Alderman Joseph D. Roddy

An ordinance approving a Redevelopment Plan for the 3974 Sarpy Ave. Area

Board Bill Number 123
Introduced by Alderman Joseph Vollmer

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 5476 Dempsey Ave. and 5027 Daggett Ave. Redevelopment Area. This Board Bill will allow a 5-year tax abatement @ 40%.

Board Bill Number 144
Introduced by Alderman Jesse Todd

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3765 Lindell Blvd. Redevelopment Area. This Board Bill will allow a 5-year tax abatement @ 90%.

Board Bill Number 161
Introduced by Alderman Joseph D. Roddy

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4915-4925 West Pine Blvd. Redevelopment Area. This Board Bill will allow a 10-year tax abatement with PILOTS equaling $124,100 or $850 per new residential unit, whichever is greater, plus a 2.5% annual increase. The project consists of a parking lot in the Central West End neighborhood. The prospective redeveloper proposes constructing a 146-unit apartment building with a 146-space parking garage. The acquisition cost is $2 million and construction costs are estimated at $37 million.

Board Bill Number 162
Introduced by Alderman Joseph D. Roddy

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4565-4591 McRee Ave. Redevelopment Area. This Board Bill will allow 4565 and 4565R McRee Ave. to have 10 years of tax abatement based on 50% of the assessed value of the incremental improvements and that 4591 McRee Ave. to have 10 years of tax abatement based on 90% of the assessed value of the incremental improvements The project consists of two industrial buildings in the Forest Park Southeast neighborhood. The prospective redeveloper proposes demolishing one building and constructing an entertainment venue at 4591 McRee Ave. The developer also plans on renovating the building at 4565 McRee Ave. for office and bar/ restaurant space and using the vacant parcel at 4565R McRee Ave. for supportive uses. The acquisition cost for all three parcels is $3.7 million, and construction costs are estimated at $37 million for both projects.

Board Bill Number 197
Introduced by Alderwoman Beth Murphy

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3808 Wilmington Ave. Redevelopment Area. This Board Bill authorizes a five (5) year tax abatement based on 50% of the assessed value of incremental improvements. The property in the Area is an unoccupied single-family home which will be renovated and leased for approximately $1500/month. This bill includes a five (5) year tax abatement.

Event Type: Aldermanic Committee Meeting
When: Tuesday, February 18, 2020 at 09:00 AM
Location: Kennedy Room
Neighborhood: City-Wide
Ward: Many Wards
Admission: Free.
Contact:
Contact Phone: (314) 622-3287

Aldermanic Session
2019-2020
Department

๐Ÿ“œ Board Bills

2019-2020
First Reading
BB 118 Redevelopment Plan for 3974 Sarpy
BB 123 Redevelopment Plan for 5476 Dempsey and 5027 Daggett
BB 144 3765 Lindell Blvd, Redevelopment
BB 161 Chapter 99 Redevelopment Plan and Blighting Study for 4915-4925 West Pine Blvd
BB 162 Chapter 99 Redevelopment Plan and Blighting Study for the 4565-4591 McRee Ave. Redevelopment Area

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