File #: 202402459    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 11/27/2024 In control: Cincinnati City Council
On agenda: 12/4/2024 Final action: 12/4/2024
ORD/RES# date: 12/4/2024 ORD/RES#: 0403-2024
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 12/2/2024, APPROVING AND AUTHORIZING the City Manager to execute a First Amendment to Community Reinvestment Area LEED Tax Exemption Agreement with Market Square I, LLC and 1826 Race Street, LLC, affiliates of The Model Group, thereby authorizing a ten-year extension to an existing tax exemption for 100 percent of the value of improvements made to real property at 24 W. Elder Street, 1804-1814 Race Street, 1818 Race Street, and adjoining properties in the Over-the-Rhine neighborhood of Cincinnati.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 403-2024 T, 5. 403-2024

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 12/2/2024, APPROVING AND AUTHORIZING the City Manager to execute a First Amendment to Community Reinvestment Area LEED Tax Exemption Agreement with Market Square I, LLC and 1826 Race Street, LLC, affiliates of The Model Group, thereby authorizing a ten-year extension to an existing tax exemption for 100 percent of the value of improvements made to real property at 24 W. Elder Street, 1804-1814 Race Street, 1818 Race Street, and adjoining properties in the Over-the-Rhine neighborhood of Cincinnati.

recommendation

PASS EMERGENCY