Committee advances developer-backed Kennedy and Chloe apartment projects with $2.256M TIF bond authorization
The committee approved a declaratory resolution and bond authorization to create the Kennedy Chloe economic development area and to allow developer-backed tax-increment revenue bonds for two projects (Chloe and Kennedy), totaling 52 apartment units and an aggregate bond not to exceed $2,256,000.
The full story
The Metropolitan and Economic Development Committee voted to forward proposals 384 and 385, a consent package that would create the Kennedy Chloe economic development area and authorize developer-backed economic development tax-increment revenue bonds for KTKF Holdings.
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