Council authorizes bonds for Evanston, Walnut Hills streetscapes

City Council approved unanimously the issuance of up to $1.5 million in bonds for general streetscape projects in Evanston and Walnut Hills.

Each neighborhood could have bonds issued for up to $750,000. Revenues from established tax increment financing (TIF) districts will be used to service the bonds.

Oakley, Westwood and West Price Hill were also seeking funds for streetscape projects.

Their TIF districts were among seven local districts rejected by the state of Ohio due to new rules on property taxes that the City didn't take into account when creating the districts.

In addition to Oakley, Westwood, and West Price Hill, the City will have to resubmit TIF districts for Avondale, East Price Hill, Lower Price Hill, Madisonville, and Riverside/Sedamsville.

It is likely that the streetscape legislation for Oakley, Westwood and West Price Hill will be resubmitted at a later date.

Previous reading on BC:
TIFs and streetscapes (9/12/07)
City wants to float bonds for streetscapes (9/11/07)