File #: 202500732    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 4/4/2025 In control: Cincinnati City Council
On agenda: 4/16/2025 Final action: 4/16/2025
ORD/RES# date: 4/16/2025 ORD/RES#: 0093-2025
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/9/2025, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 33 W. Fourth St, LLC, thereby authorizing a twelve-year tax exemption for 100 percent of the value of improvements made to real property located at 33 W. Fourth Street in the Downtown neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 41,737 square feet of commercial space including a boutique hotel with approximately 44 guest rooms, at a total construction cost of approximately $12,400,000.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 93-2025, 5. 93-2025 T

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/9/2025, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 33 W. Fourth St, LLC, thereby authorizing a twelve-year tax exemption for 100 percent of the value of improvements made to real property located at 33 W. Fourth Street in the Downtown neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 41,737 square feet of commercial space including a boutique hotel with approximately 44 guest rooms, at a total construction cost of approximately $12,400,000.

recommendation

PASS EMERGENCY