City of Cincinnati - File #: 202400825

• File #: 202400825
• Version: 2
• Type: Ordinance
• Status: Passed Emergency
• File created: 3/8/2024
• In control: Cincinnati City Council
• On agenda: 3/20/2024
• Final action: 3/20/2024
• ORD/RES# date: 3/20/2024
• ORD/RES#: 0098-2024
• Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/13/2024, AUTHORIZING the transfer and appropriation of $840,000 from the unappropriated surplus of Evanston Equivalent Fund 490 to the Department of Community and Economic Development non-personnel operating budget account no. 490x162x7200 to provide resources to support The Bridge 8K, LLC's acquisition and redevelopment of 1740 Brewster Avenue, 3570 Montgomery Road, and 3604-3608 Montgomery Road (collectively, the "Properties"); and DECLARING that expenditures from the Department of Community and Economic Development non-personnel operating budget account no. 490x162x7200 to develop the Properties are for a public purpose and constitute a "Housing Renovation" (as defined in Section 5709.40(A)(3) of the Ohio Revised Code) that will benefit and/or serve the District 11-Evanston District Incentive District, subject to compliance with Ohio Revised Code Sections 5709.40 through 5709.43. (Subject to the Temporary Prohi...
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
3/20/2024	2	Cincinnati City Council	Passed Emergency	Pass
3/20/2024	2	Cincinnati City Council	Emergency clause to remain	Pass
3/20/2024	2	Cincinnati City Council	Suspension of the three readings	Pass
3/18/2024	2	Budget and Finance Committee
3/13/2024	2	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/13/2024, AUTHORIZING the transfer and appropriation of $840,000 from the unappropriated surplus of Evanston Equivalent Fund 490 to the Department of Community and Economic Development non-personnel operating budget account no. 490x162x7200 to provide resources to support The Bridge 8K, LLC’s acquisition and redevelopment of 1740 Brewster Avenue, 3570 Montgomery Road, and 3604-3608 Montgomery Road (collectively, the “Properties”); and DECLARING that expenditures from the Department of Community and Economic Development non-personnel operating budget account no. 490x162x7200 to develop the Properties are for a public purpose and constitute a “Housing Renovation” (as defined in Section 5709.40(A)(3) of the Ohio Revised Code) that will benefit and/or serve the District 11-Evanston District Incentive District, subject to compliance with Ohio Revised Code Sections 5709.40 through 5709.43. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).

recommendation

PASS EMERGENCY