File #: 202501157    Version: 1
Type: Ordinance Status: Agenda Ready
File created: 5/30/2025 In control: Budget and Finance Committee
On agenda: 6/4/2025 Final action:
ORD/RES# date: ORD/RES#:
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 6/4/2025, APPROVING AND AUTHORIZING the City Manager to execute a Second Amendment to Community Reinvestment Area Tax Exemption Agreement with Traction Partners, LLC, amending an agreement previously authorized by Council for a 100 percent tax exemption of the value of improvements made to real property located at 432 Walnut Street in the Central Business District of Cincinnati, removing the obligation for the company to obtain certification of compliance with LEED standards. (Subject to the Temporary Prohibition List ).
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 6/4/2025, APPROVING AND AUTHORIZING the City Manager to execute a Second Amendment to Community Reinvestment Area Tax Exemption Agreement with Traction Partners, LLC, amending an agreement previously authorized by Council for a 100 percent tax exemption of the value of improvements made to real property located at 432 Walnut Street in the Central Business District of Cincinnati, removing the obligation for the company to obtain certification of compliance with LEED standards. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).

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BUDGET AND FINANCE COMMITTEE