Board Bills

2023-2024 Board Bill 66 — Chapter 99 Redevelopment Plan for the 4923-4949 Dr. Martin Luther King Dr. Redevelopment Area

Published

11 months ago

on

November 17, 2023

By

Natural Bridge

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Chapter 99 Redevelopment Plan for the 4923-4949 Dr. Martin Luther King Dr. Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4923-4949 Dr. Martin Luther King Dr. Redevelopment Area. The prospective redeveloper plans on renovating the commercial building at 4949 Dr. Martin Luther King Dr. which will house a restaurant space for the approximate cost of $3.7million. The redevelopment plan and blighting study also includes the long vacant commercial building at 4923-4925 Dr. Martin Luther King Dr. for the possibility of using eminent domain in the future as an action of last resort if negotiations fail. This Board Bill will allow ten (10) years of tax abatement based on 95 percent of the assessed value of the incremental improvement).

Overview

Session:

2023-2024

Introduced:
06/15/2023

Primary Sponsors:
Sharon Tyus

Latest Activity:
Register Returns Notice with Ordinance Number

Ordinance:

71719 effective 10/25/2023

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

06/15/2023

First Reading

Bill text was introduced (3.89 MB PDF).
06/15/2023

Referred to a Committee

The bill was assigned to the
Housing, Urban Development and Zoning Committee.
06/29/2023

Committee Hearing

The bill was passed out of committee with a recommendation of do pass during the
Housing, Urban Development and Zoning Committee hearing.
07/14/2023

Second Reading
07/20/2023

Perfection

The bill was passed.
09/15/2023

Engrossment

The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.
09/15/2023

Third Reading

The bill was passed.
09/15/2023

Delivered to Mayor
09/27/2023

Mayor Returns Bill

The bill was approved.
09/27/2023

Delivered to Register
09/29/2023

Register Returns Notice with Ordinance Number

Register returns ordinance number 71719. Effective date is 10/25/2023

Votes

09/15/2023
Vote Results

View vote details

Ordinance

Ordinance Number:

71719

Effective Date: 10/25/2023