City of Cincinnati - File #: 202300320

• File #: 202300320
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/9/2023
• In control: Cincinnati City Council
• On agenda: 1/11/2023
• Final action: 1/11/2023
• ORD/RES# date: 1/11/2023
• ORD/RES#: 0009-2023
• Title: ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 1/9/2023, AUTHORIZING the transfer of and return to source of the sum of $1,000,000 from existing capital improvement program project account no. 980x164x231620, "Emery Theatre-TIF," to the unappropriated surplus of Downtown OTR East Equivalent Fund 483 for the purpose of closing out the capital improvement program project account; AUTHORIZING the transfer and appropriation of $1,000,000 from the unappropriated surplus of Downtown OTR East Equivalent Fund 483 to the Department of Community and Economic Development non-personnel operating budget account no. 483x164x7200 for the purpose of providing resources to assist with the acquisition and renovation of the Emery Theatre located at 1112 Walnut Street and 100 East Central Parkway; and DECLARING that expenditures from the Emery Theatre-TIF project to be a public purpose and constitute a "Public Infrastructure Improvement" (as defined in Section 5709.40(A)(8) of the Ohio Revised...
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
1/11/2023	1	Cincinnati City Council	Passed	Pass
1/11/2023	1	Cincinnati City Council	Suspension of the three readings	Pass
1/9/2023	1	Budget and Finance Committee	Recommend Passage

title

ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 1/9/2023, AUTHORIZING the transfer of and return to source of the sum of $1,000,000 from existing capital improvement program project account no. 980x164x231620, “Emery Theatre-TIF,” to the unappropriated surplus of Downtown OTR East Equivalent Fund 483 for the purpose of closing out the capital improvement program project account; AUTHORIZING the transfer and appropriation of $1,000,000 from the unappropriated surplus of Downtown OTR East Equivalent Fund 483 to the Department of Community and Economic Development non-personnel operating budget account no. 483x164x7200 for the purpose of providing resources to assist with the acquisition and renovation of the Emery Theatre located at 1112 Walnut Street and 100 East Central Parkway; and DECLARING that expenditures from the Emery Theatre-TIF project to be a public purpose and constitute a “Public Infrastructure Improvement” (as defined in Section 5709.40(A)(8) of the Ohio Revised Code), that will benefit and/or serve the District 4-Downtown/OTR East District Incentive District, subject to compliance with Ohio Revised Code Sections 5709.40 through 5709.43

recommendation

PASS