City of Cincinnati - File #: 202402276

• File #: 202402276
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• 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#: 0362-2024
• Title: ORDINANCE (EMERGENCY) 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 with ACG Garfield LLC, thereby authorizing a twelve-year tax exemption for 100 percent of the value of improvements made to real property located at 9 Garfield Place in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 55,084 square feet of residential space, including approximately 52 residential rental units, at a total construction cost of approximately $5,400,000.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
11/6/2024	1	Cincinnati City Council	Passed Emergency	Pass
11/6/2024	1	Cincinnati City Council	Emergency clause to remain	Pass
11/6/2024	1	Cincinnati City Council	Suspension of the three readings	Pass
11/4/2024	1	Budget and Finance Committee	Recommend Passage Emergency
10/30/2024	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) 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 with ACG Garfield LLC, thereby authorizing a twelve-year tax exemption for 100 percent of the value of improvements made to real property located at 9 Garfield Place in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 55,084 square feet of residential space, including approximately 52 residential rental units, at a total construction cost of approximately $5,400,000.

recommendation

PASS EMERGENCY