File #: 202402277    Version: 1
Type: Ordinance Status: Passed
File created: 10/25/2024 In control: Cincinnati City Council
On agenda: 11/6/2024 Final action: 11/6/2024
ORD/RES# date: 11/6/2024 ORD/RES#: 0363-2024
Title: ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 10/30/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement 607 Main Holdings, LLC, thereby authorizing a fifteen-year tax exemption for 100 percent of the value of improvements made to real property located at 607 Main Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 3,060 square feet of commercial space on the first floor and approximately 10,750 square feet of residential space on the upper floors, consisting of thirteen residential units, at a total construction cost of approximately $3,098,578.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 363-2024, 5. 363-2024 T

title

ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 10/30/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement 607 Main Holdings, LLC, thereby authorizing a fifteen-year tax exemption for 100 percent of the value of improvements made to real property located at 607 Main Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 3,060 square feet of commercial  space on the first floor and approximately 10,750 square feet of residential space on the upper floors, consisting  of thirteen residential units, at a total construction cost of approximately $3,098,578.

recommendation

PASS