City of Cincinnati - File #: 202201907

• File #: 202201907
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 10/12/2022
• In control: Cincinnati City Council
• On agenda: 10/26/2022
• Final action: 10/26/2022
• ORD/RES# date: 10/26/2022
• ORD/RES#: 0335-2022
• Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/19/2022, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with WDC, LLC, thereby authorizing a 10-year tax exemption for 100% of the value of improvements made to real property located at 1400 and 1408 Walnut Street, 106 and 110 E. 14th Street, and 1400 Clay Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of 5 historic buildings into approximately 2,466 square feet of commercial space and approximately 13,746 square feet of residential space consisting of 24 residential units, at a total construction cost of approximately $3,790,500.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
10/26/2022	1	Cincinnati City Council	Passed Emergency	Pass
10/26/2022	1	Cincinnati City Council	Emergency clause to remain	Pass
10/26/2022	1	Cincinnati City Council	Suspension of the three readings	Pass
10/24/2022	1	Budget and Finance Committee	Recommend Passage Emergency
10/19/2022	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/19/2022, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with WDC, LLC, thereby authorizing a 10-year tax exemption for 100% of the value of improvements made to real property located at 1400 and 1408 Walnut Street, 106 and 110 E. 14^th Street, and 1400 Clay Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of 5 historic buildings into approximately 2,466 square feet of commercial space and approximately 13,746 square feet of residential space consisting of 24 residential units, at a total construction cost of approximately $3,790,500.

recommendation

PASS EMERGENCY