Resolution 21-21

This resolution confirms Resolution 21-20, which designated two parcels located at 1730 South Walnut Street as an Economic Revitalization Area ("ERA") for Real America LLC ("Petitioner"). This designation was recommended by the Economic Development Commission on May 12, 2021, and will enable the proposed affordable housing redevelopment project to be eligible for tax abatement. The resolution affirms the approval of the Petitioner's Statement of Benefits, and it authorizes a ten-year period of abatement for real property improvements and sets the abatement schedule.