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The City Council unanimously adopted an ordinance authorizing up to $15 million in general obligation refunding bonds and approved three ordinances establishing tax increment financing for the West 159th Street Corridor. The council also approved a $444,622.50 bid for the Green Alley Phase II Project.
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The bond ordinance allows the city to refinance outstanding obligations and authorizes an annual tax levy to pay principal and interest. The West 159th Street Corridor decisions create and fund a tax increment financing district for a redevelopment project area. The council also approved several business or rental licenses, including licenses for Soul Purpose Academy, Fernando Hernandez, EKCC, KVT Tax, E&R Towing, and two HH2 LLC rental properties.
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