Ordinance 06-23

This ordinance designates the lots located at 2300 Rockport Road and 2101, 2105, 2109, 2112, 2113, 2116, 2117, 2120, 2121, 2124, and 2125 Susie Street as an Economic Development Target Area (EDTA). This designation was recommended by the Economic Development Commission and will enable the single family affordable homes proposed for these lots to be eligible for tax abatement. Final approval of the tax abatement for the construction of the single family affordable homes will also require the adoption of an initial and confirming resolution, which will designate these lots as an Economic Revitalization Area (ERA), approve the statement of benefits, authorize a period of abatement and waive certain statutory requirements.