Description
Sold w/ 6 adjacent lots 4408,4416,4424,4428, 4434,4440 Mitchell. The DLBA is looking for a thoughtful Land Based Project for this site. It uses land for urban agriculture, gardening, beautification, other productive uses, whether for profit or as a community based activity. Offers need to include a plot plan showing how the buyer intends to activate the site. Refer to the attached Plot Plan Instructions. Note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property.The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. See attached documents for DLBA requirements and offer submission info. BATVAI
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
Description
Sold w/ 6 adjacent lots 4408,4416,4424,4428, 4434,4440 Mitchell. The DLBA is looking for a thoughtful Land Based Project for this site. It uses land for urban agriculture, gardening, beautification, other productive uses, whether for profit or as a community based activity. Offers need to include a plot plan showing how the buyer intends to activate the site. Refer to the attached Plot Plan Instructions. Note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property.The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. See attached documents for DLBA requirements and offer submission info. BATVAI
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