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Forest Park approves special-assessment refund agreement for Forest Fair Mall redevelopment
Summary
Forest Park City Council adopted Ordinance 16-20-25 on June 2, authorizing a special-assessment refund agreement with Cincinnati Holding Company LLC to return any surplus special assessments tied to Forest Fair Mall once bond obligations are defeased.
The Forest Park City Council on June 2 adopted Ordinance 16-20-25 to authorize a special-assessment refund agreement with Cincinnati Holding Company LLC for the Forest Fair Mall redevelopment project.
Councilmember Adams said the agreement outlines how the city will return surplus special-assessment payments previously collected to repay bonds issued for public infrastructure at the mall site.
Under the ordinance, the remaining…
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