File #: 202301049    Version: 1
Type: Ordinance Status: Passed
File created: 3/31/2023 In control: Cincinnati City Council
On agenda: 4/19/2023 Final action: 4/19/2023
ORD/RES# date: 4/19/2023 ORD/RES#: 0122-2023
Title: ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 4/5/2023, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Common Ground Community Development, LLC, thereby authorizing a 12-year tax exemption for 100% of the value of improvements made to real property located at 1901 Baymiller Street in the West End neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 871 square feet of commercial space and approximately 3,071 square feet of residential space, consisting of 7 residential rental units, at a total construction cost of approximately $650,000.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 122-2023 T, 5. 122-2023

title

ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 4/5/2023, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Common Ground Community Development, LLC, thereby authorizing a 12-year tax exemption for 100% of the value of improvements made to real property located at 1901 Baymiller Street in the West End neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 871 square feet of commercial space and approximately 3,071 square feet of residential space, consisting of 7 residential rental units, at a total construction cost of approximately $650,000.

recommendation

PASS