File #: 202201736    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 9/2/2022 In control: Cincinnati City Council
On agenda: 10/5/2022 Final action: 10/5/2022
ORD/RES# date: 10/5/2022 ORD/RES#: 0309-2022
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/28/2022, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Kaladin LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1923-1927 Elm Street and 201-207 Henry Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 15,303 square feet of residential space, with 20 apartment units, at a total remodeling cost of approximately $1,666,557.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 309-2022 T, 5. 309-2022

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/28/2022, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Kaladin LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1923-1927 Elm Street and 201-207 Henry Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 15,303 square feet of residential space, with 20 apartment units, at a total remodeling cost of approximately $1,666,557.

recommendation

PASS EMERGENCY