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Council approves formation of North Coast Waterfront New Community Authority to finance lakefront development
Summary
The committee approved Ordinance 1061-2024 (as amended) to create a North Coast Waterfront New Community Authority (NCA), set initial board appointments and authorize a geographically constrained financing tool intended to fund lakefront infrastructure and public space.
The Finance Committee approved Ordinance 1061-2024, as amended, to form a North Coast Waterfront New Community Authority (NCA). The committee read a set of technical amendments into the record and approved the ordinance and initial appointments by voice vote.
The NCA is a state-authorized, quasi-governmental entity that can collect charges and fees from property owners and lessees within a narrowly defined geographic district and use those revenues only inside that district. The committee's ordinance creates an initial NCA boundary (land north of Cleveland Browns Brown Stadium and adjacent municipal lots and parkland) and appoints initial board members. Council and the developer (the city) will appoint board seats under the state statutory model; the chief corporate counsel read a set of names into the record as the initial appointees and noted some technical changes required because of conflicts related to serving on multiple boards.
Scott Skinner, executive director of the North Coast Waterfront…
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