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TO DESIGNATE AN ECONOMIC REVITALIZATION AREA, APPROVE A STATEMENT OF BENEFITS, AUTHORIZE A PERIOD OF TAX ABATEMENT AND DECLARING INTENT TO WAIVE CERTAIN STATUTORY REQUIREMENTS - Re: 300 E. Third Street (The Plaza at Third and Lincoln, LLC, Petitioner)

This resolution designates the property located at 300 E. Third Street as an Economic Revitalization Area (ERA), approves a Statement of Benefits, declares the intent to waive certain statutory requirements and authorizes a 10- year period of abatement for the project proposed by the petitioner, The Plaza at Third and Lincoln, LLC. The Petitioner is seeking a tax abatement in order to restore the historic Leonard’s Home Laundry building and construct common lobby space for retail space on the ground floor and housing on the second. The resolution also declares the intent of the Council to hold a public hearing on October 3, 2007 to hear public comment on the ERA designation before voting on a resolution confirming these actions.

Amends CodeNo
Committee 2007-09-12 Motion to recommend tabling 9-0
Final 2007-09-19 Tabled Motion to Table 9-0
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