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File #:
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202502082
Version:
1
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Type:
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Ordinance
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Status:
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Agenda Ready
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On agenda:
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12/3/2025
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Final action:
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Title:
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ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 12/3/2025, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Reid Flats, LLC, an affiliate of The Model Group, Inc., thereby authorizing a fifteen-year tax exemption for 100% of the value of improvements made to real property located at 1711 Elm Street, 1713 Elm Street, 212 W. Liberty Street, 214 W. Liberty Street, 211 W. Fourth Street, 1524 Republic Street, 1526 Republic Street, and 1519 Vine Street in the Over-the-Rhine and Central Business District neighborhoods of Cincinnati, in connection with the remodeling of existing buildings into, in aggregate, approximately 6,707 square feet of commercial retail space and approximately 56,452 square feet of residential space consisting of 90 residential rental dwelling units, at a total construction cost of approximately $22,270,162; and further AUTHORIZING a ten-year historic extension of such fifteen-yea...
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title
ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 12/3/2025, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Reid Flats, LLC, an affiliate of The Model Group, Inc., thereby authorizing a fifteen-year tax exemption for 100% of the value of improvements made to real property located at 1711 Elm Street, 1713 Elm Street, 212 W. Liberty Street, 214 W. Liberty Street, 211 W. Fourth Street, 1524 Republic Street, 1526 Republic Street, and 1519 Vine Street in the Over-the-Rhine and Central Business District neighborhoods of Cincinnati, in connection with the remodeling of existing buildings into, in aggregate, approximately 6,707 square feet of commercial retail space and approximately 56,452 square feet of residential space consisting of 90 residential rental dwelling units, at a total construction cost of approximately $22,270,162; and further AUTHORIZING a ten-year historic extension of such fifteen-year tax exemption. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).
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