City of Cincinnati - File #: 202300559

• File #: 202300559
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 2/6/2023
• In control: Cincinnati City Council
• On agenda: 2/23/2023
• Final action: 2/23/2023
• ORD/RES# date: 2/23/2023
• ORD/RES#: 0057-2023
• Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 2/8/2023, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Condominium Holdings, LLC, an affiliate of Cincinnati City Center Development Corporation, commonly known as 3CDC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements to real property located at 1428 Vine Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of the first floors of two existing buildings into approximately 2,486 square feet of ground floor commercial space, at a total construction cost of approximately $466,444.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
2/23/2023	1	Cincinnati City Council	Passed Emergency	Pass
2/23/2023	1	Cincinnati City Council	Emergency clause to remain	Pass
2/23/2023	1	Cincinnati City Council	Suspension of the three readings	Pass
2/21/2023	1	Budget and Finance Committee	Recommend Passage Emergency
2/13/2023	1	Budget and Finance Committee	Held
2/8/2023	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 2/8/2023, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Condominium Holdings, LLC, an affiliate of Cincinnati City Center Development Corporation, commonly known as 3CDC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements to real property located at 1428 Vine Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of the first floors of two existing buildings into approximately 2,486 square feet of ground floor commercial space, at a total construction cost of approximately $466,444.

recommendation

PASS EMERGENCY