File #: 202201871    Version: 1
Type: Ordinance Status: Passed
File created: 9/30/2022 In control: Cincinnati City Council
On agenda: 10/12/2022 Final action: 10/12/2022
ORD/RES# date: 10/12/2022 ORD/RES#: 0314-2022
Title: ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 10/5/2022, AUTHORIZING the establishment of new capital improvement program project account no. 980x164x231620, "Emery Theatre-TIF," 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; AUTHORIZING the transfer and appropriation of the sum of $1,000,000 from the unappropriated surplus of Downtown OTR East Equivalent Fund 483 to newly established capital improvement program project account no. 980x164x231620, "Emery Theatre-TIF"; and DECLARING that expenditures from newly created capital improvement program project account no. 980x164x231620, "Emery Theatre-TIF," 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...
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. 314-2022, 4. 314-2022 T

title

ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 10/5/2022, AUTHORIZING the establishment of new capital improvement program project account no. 980x164x231620, “Emery Theatre-TIF,” 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; AUTHORIZING the transfer and appropriation of the sum of $1,000,000 from the unappropriated surplus of Downtown OTR East Equivalent Fund 483 to newly established capital improvement program project account no. 980x164x231620, “Emery Theatre-TIF”; and DECLARING that expenditures from newly created capital improvement program project account no. 980x164x231620, “Emery Theatre-TIF,” 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. COUNCILMEMBER KEATING IS EXCUSED FROM THIS ITEM.

 

recommendation

 

PASS