File #: 202502080    Version: 1
Type: Ordinance Status: Agenda Ready
File created: 11/26/2025 In control: Budget and Finance Committee
On agenda: 12/3/2025 Final action:
ORD/RES# date: ORD/RES#:
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 12/3/2025, AUTHORIZING the transfer and appropriation of $400,000 from the unappropriated surplus of Northside Equivalent Fund 525 (Northside TIF District) to the Department of Community and Economic Development non-personnel operating budget account no. 525x164x7400 to provide resources for the purpose of assisting Cincinnati Northside Community Urban Redevelopment Corporation with acquiring certain vacant commercial real property located at 3940 Old Ludlow Avenue and 4000 Spring Grove Avenue in the Northside neighborhood of Cincinnati, with authorized uses to include acquisition-related and due diligence costs; AUTHORIZING the transfer and appropriation of $20,000 from the unappropriated surplus of Northside Equivalent Fund 525 (Northside TIF District) to the Department of Community and Economic Development personnel operating budget account no. 525x164x7100 to provide resources for administrative project delivery...
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 12/3/2025, AUTHORIZING the transfer and appropriation of $400,000 from the unappropriated surplus of Northside Equivalent Fund 525 (Northside TIF District) to the Department of Community and Economic Development non-personnel operating budget account no. 525x164x7400 to provide resources for the purpose of assisting Cincinnati Northside Community Urban Redevelopment Corporation with acquiring certain vacant commercial real property located at 3940 Old Ludlow Avenue and 4000 Spring Grove Avenue in the Northside neighborhood of Cincinnati, with authorized uses to include acquisition-related and due diligence costs; AUTHORIZING the transfer and appropriation of $20,000 from the unappropriated surplus of Northside Equivalent Fund 525 (Northside TIF District) to the Department of Community and Economic Development personnel operating budget account no. 525x164x7100 to provide resources for administrative project delivery costs associated with the acquisition of 3940 Old Ludlow Avenue and 4000 Spring Grove Avenue; and DECLARING expenditures from such project accounts related to Cincinnati Northside Community Urban Redevelopment Corporation’s acquisition of 3940 Old Ludlow Avenue and 4000 Spring Grove Avenue in the Northside neighborhood of Cincinnati are for 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 25 - Northside Incentive District, subject to compliance with Ohio Revised Code Sections 5709.40 through 5709.43. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).