City of Cincinnati - File #: 202402203

• File #: 202402203
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 10/18/2024
• In control: Cincinnati City Council
• On agenda: 10/30/2024
• Final action: 10/30/2024
• ORD/RES# date: 10/30/2024
• ORD/RES#: 0350-2024
• Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/23/2024 APPROVING, AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with Hooper Cincy, LLC, thereby authorizing a fifteen-year tax exemption for 100 percent of the value of improvements made to real property located at 139 and 151 W. Fourth Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 61,114 square feet of residential space, consisting of 102 residential units and approximately 4,636 square feet of commercial space, which remodeling shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold, or Platinum standards or Living Building Challenge standards, at a total remodeling cost of approximately $16,877,500. (Subject to the Temporary Prohibition List )...
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
10/30/2024	1	Cincinnati City Council	Passed Emergency	Pass
10/30/2024	1	Cincinnati City Council	Emergency clause to remain	Pass
10/30/2024	1	Cincinnati City Council	Suspension of the three readings	Pass
10/28/2024	1	Budget and Finance Committee	Recommend Passage Emergency
10/23/2024	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/23/2024 APPROVING, AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with Hooper Cincy, LLC, thereby authorizing a fifteen-year tax exemption for 100 percent of the value of improvements made to real property located at 139 and 151 W. Fourth Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 61,114 square feet of residential space, consisting of 102 residential units and approximately 4,636 square feet of commercial space, which remodeling shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold, or Platinum standards or Living Building Challenge standards, at a total remodeling cost of approximately $16,877,500. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).

recommendation

PASS EMERGENCY