File #: 202500162    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 1/24/2025 In control: Cincinnati City Council
On agenda: 2/5/2025 Final action: 2/5/2025
ORD/RES# date: 2/5/2025 ORD/RES#: 0025-2025
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 1/29/2025, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 510 W Liberty, LLC, thereby authorizing a twelve-year tax exemption for 100 percent of the value of improvements made to real property located at 510 W. Liberty Street in the West End neighborhood of Cincinnati, in connection with the remodeling of two existing buildings into approximately 5,875 square feet of residential space consisting of approximately 13 residential rental units, at a total remodeling cost of approximately $766,717.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 25-2025, 5. 25-2025 T

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 1/29/2025, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 510 W Liberty, LLC, thereby authorizing a twelve-year tax exemption for 100 percent of the value of improvements made to real property located at 510 W. Liberty Street in the West End neighborhood of Cincinnati, in connection with the remodeling of two existing buildings into approximately 5,875 square feet of residential space consisting of approximately 13 residential rental units, at a total remodeling cost of approximately $766,717.

recommendation

PASS EMERGENCY