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TO DESIGNATE AN ECONOMIC REVITALIZATION AREA, APPROVE A STATEMENT OF BENEFITS, AUTHORIZE A PERIOD OF TAX ABATEMENT, AND DECLARE AN INTENT TO WAIVE CERTAIN STATUTORY REQUIREMENTS - Re: 2300 Rockport Road and 2101, 2105, 2109, 2112, 2113, 2116, 2117, 2120, 2121, 2124, and 2125 Susie Street (City of Bloomington Housing and Neighborhood Development Department, Petitioner)

This resolution designates the property located at 2300 Rockport Road and 2101, 2105, 2109, 2112, 2113, 2116, 2117, 2120, 2121, 2124, and 2125 Susie Street as an Economic Revitalization Area (ERA), approves a Statement of Benefits, authorizes a 5-year period of abatement and declares the intent to waive certain statutory requirements for the project proposed by the petitioner, City of Bloomington Housing and Neighborhood Development Department. It is seeking a tax abatement in order to construct affordable single-family housing. The resolution also declares the intent of the Council to hold a public hearing later this year to hear public comment on the ERA designation and statutory waivers before voting on a resolution confirming these actions.

Amends CodeNo
Final 2006-11-08 Passed 9-0
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