Board Bill Number 301 In Session 2005-2006

Summary

An ordinance amending Section Fourteen of Ordinance 66233 pertaining to the Redevelopment Plan for the Hampton/Wilson Redevelopment Area; amending Section Fourteen of Ordinance 66233 by reducing the aggregate period of tax abatement from twenty (20) years to fifteen (15) years and by removing, as a condition of the grant of such tax abatement, the requirement that the redeveloper build ten new homes within the boundaries of the 24th Ward within 24 months of the effective date of Ordinance 66233; further amending the Blighting Study and Plan for the Hampton/Wilson Area, dated December 16, 2003, incorporated and made part of Ordinance 66233 as Exhibit B, to reflect the amendments enacted herein.

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