City of Cincinnati - File #: 202102089

• File #: 202102089
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 5/28/2021
• In control: Cincinnati City Council
• On agenda: 6/9/2021
• Final action: 6/9/2021
• ORD/RES# date: 6/9/2021
• ORD/RES#: 0220-2021
• Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 6/3/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with 1410 Vine LLC, an affiliate of 3CDC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1410 Vine Street in the Over-The-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 6,572 square feet of commercial space, which remodeling shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge standards, at a total remodeling cost of approximately $3,630,000.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
6/9/2021	1	Cincinnati City Council	Passed Emergency	Pass
6/9/2021	1	Cincinnati City Council	Emergency clause to remain	Pass
6/9/2021	1	Cincinnati City Council	Suspension of the three readings	Pass
6/7/2021	1	Budget and Finance Committee	Recommend Passage Emergency
6/3/2021	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 6/3/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with 1410 Vine LLC, an affiliate of 3CDC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1410 Vine Street in the Over-The-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 6,572 square feet of commercial space, which remodeling shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge standards, at a total remodeling cost of approximately $3,630,000.

recommendation

PASS EMERGENCY