File #: 202500755    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 4/11/2025 In control: Cincinnati City Council
On agenda: 4/23/2025 Final action: 4/23/2025
ORD/RES# date: 4/23/2025 ORD/RES#: 0098-2025
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/16/2025, APPROVING AND AUTHORIZING the execution of a Second Amendment to Job Creation Tax Credit Agreement with Core Specialty Insurance Services, Inc., pursuant to which the company agrees to an increased investment in the City of Cincinnati, including creation of fifty additional new jobs and an additional $1.5 million investment in the property located at 201 E. Fifth Street in the Central Business District of Cincinnati, and the City agrees to extend the tax credit term from four years to seven years and increase the job creation tax credit from 35 percent to 45 percent.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 98-2025 T, 5. 98-2025

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/16/2025, APPROVING AND AUTHORIZING the execution of a Second Amendment to Job Creation Tax Credit Agreement with Core Specialty Insurance Services, Inc., pursuant to which the company agrees to an increased investment in the City of Cincinnati, including creation of fifty additional new jobs and an additional $1.5 million investment in the property located at 201 E. Fifth Street in the Central Business District of Cincinnati, and the City agrees to extend the tax credit term from four years to seven years and increase the job creation tax credit from 35 percent to 45 percent.

recommendation

PASS EMERGENCY