City of Cincinnati - File #: 202200113

• File #: 202200113
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 1/14/2022
• In control: Cincinnati City Council
• On agenda: 1/26/2022
• Final action: 1/26/2022
• ORD/RES# date: 1/26/2022
• ORD/RES#: 0017-2022
• Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 1/20/2022 AUTHORIZING the City Manager to execute a Development Agreement with 7 West 7th Property LLC, pertaining to the development and construction of residential rental units on floors 8-21 of the building on property located at 7 W. 7th Street in the Central Business District of Cincinnati, and providing for City assistance to the project in the form of a rebate of a portion of the service payments in lieu of taxes imposed in connection with a proposed 30-year property tax exemption for improvements pursuant to Ohio Revised Code Section 5709.41, subject to the passage by Council of a separate ordinance authorizing such tax exemption.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
1/26/2022	1	Cincinnati City Council	Emergency clause to remain	Pass
1/26/2022	1	Cincinnati City Council	Suspension of the three readings	Pass
1/26/2022	1	Cincinnati City Council	Passed Emergency	Pass
1/24/2022	1	Budget and Finance Committee
1/20/2022	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 1/20/2022 AUTHORIZING the City Manager to execute a Development Agreement with 7 West 7th Property LLC, pertaining to the development and construction of residential rental units on floors 8-21 of the building on property located at 7 W. 7th Street in the Central Business District of Cincinnati, and providing for City assistance to the project in the form of a rebate of a portion of the service payments in lieu of taxes imposed in connection with a proposed 30-year property tax exemption for improvements pursuant to Ohio Revised Code Section 5709.41, subject to the passage by Council of a separate ordinance authorizing such tax exemption.

recommendation

PASS EMERGENCY