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Title:
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ORD-MC Adopting the Downtown Investment Authority (“DIA”) Updated Business Investment & Dev Plan (“BID Plan”) Pursuant to Sec 55.108 (A) (7), Ord Code, which Includes (1) an Update of the Community Redevelopment Area (“CRA”) Plans for Downtown Consisting of the Southside Community Redevelopment Area & the Northbank Downtown Community Redevelopment Area, & (2) an Update of the Business Investment Strategy; Requiring all Dev & Redevelopment in Downtown to be Compatible & Consistent with the BID Plan; Amending the Northbank Tax Increment Dist Budget for FY 2021-22 to Transfer $1,900,000.00 from the Metropolitan Parking Solutions (“MPS”) Financial Obligation to the Downtown Northbank CRA Trust: (1) $72,061.50 in Supervisory Allocation to Auth & Fund the Salary & Benefits of 2 Full Time Employees within the Downtown Investment Auth; $72, 938.50 to Northbank Plan Professional Svcs; (3) $225,000.00 to Northbank Enhanced Maint; (4) $500,000.00 to Provide Funding for the New Northbank Commerci...
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