File #: 202501615    Version: 1
Type: Ordinance Status: Agenda Ready
File created: 8/29/2025 In control: Budget and Finance Committee
On agenda: 9/4/2025 Final action:
ORD/RES# date: ORD/RES#:
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/4/2025, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with OTR Historical Development, LLC, thereby authorizing a twelve-year tax exemption for 100 percent of the value of improvements made to real property located at 43 E. Clifton Avenue in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of existing buildings into approximately 10,933 square feet of residential space, consisting of 16 residential units, at a total construction cost of approximately $1,700,000.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment

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ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/4/2025, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with OTR Historical Development, LLC, thereby authorizing a twelve-year tax exemption for 100 percent of the value of improvements made to real property located at 43 E. Clifton Avenue in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of existing buildings into approximately 10,933 square feet of residential space, consisting of 16 residential units, at a total construction cost of approximately $1,700,000.