File #: 202400729    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 3/1/2024 In control: Cincinnati City Council
On agenda: 3/13/2024 Final action: 3/13/2024
ORD/RES# date: 3/13/2024 ORD/RES#: 0094-2024
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/6/2024, AUTHORIZING the City Manager to execute an Amended and Restated Lease Agreement with Host Cincinnati Hotel LLC, the lessee under an existing lease concerning property commonly known as the Westin Hotel Cincinnati located at the southeast corner of Vine and Fifth Streets in the Central Business District, to extend the lease term, reallocate real property tax liabilities, modify certain rent obligations, and to grant the lessee a right of first offer to purchase the City's interest in the real property. (Subject to the Temporary Prohibition List)
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 94-2024, 5. 94-2024 T

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ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/6/2024, AUTHORIZING the City Manager to execute an Amended and Restated Lease Agreement with Host Cincinnati Hotel LLC, the lessee under an existing lease concerning property commonly known as the Westin Hotel Cincinnati located at the southeast corner of Vine and Fifth Streets in the Central Business District, to extend the lease term, reallocate real property tax liabilities, modify certain rent obligations, and to grant the lessee a right of first offer to purchase the City’s interest in the real property. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>)

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PASS EMERGENCY