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File #: 202000997    Version: 1
Type: Ordinance Status: Passed
File created: 7/31/2020 In control: Cincinnati City Council
On agenda: 8/5/2020 Final action: 8/5/2020
ORD/RES# date: 8/5/2020 ORD/RES#: 0249-2020
Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, Interim City Manager, on 8/3/2020, AUTHORIZING the City Manager to execute a Fourth Amendment to Funding, Acquisition and Development Agreement with Madisonville Phase I LLC, Madisonville Phase II LLC, Madisonville Phase III LLC, and Ackermann Enterprises, Inc., in order to facilitate the companies' multi-phased mixed-use redevelopment of the property; ESTABLISHING new capital improvement program project account no. 980x164x211631, "Madison & Whetsel Phase IIB Public Improvements," for the purpose of providing resources to facilitate the construction of various public improvements associated with a portion of the development; AUTHORIZING the transfer and appropriation of $950,000 from the unappropriated surplus of Madisonville District Equivalent Fund 498 (Madisonville TIF District) to the newly established capital improvement program project account 980x164x211631, "Madison & Whetsel Phase IIB Public Improvements"; and DECLARING...
Sponsors: Budget and Finance Committee
Attachments: 1. Exhibit A, 2. Ordinance, 3. Transmittal, 4. 249-2020 T, 5. 249-2020

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, Interim City Manager, on 8/3/2020, AUTHORIZING the City Manager to execute a Fourth Amendment to Funding, Acquisition and Development Agreement with Madisonville Phase I LLC, Madisonville Phase II LLC, Madisonville Phase III LLC, and Ackermann Enterprises, Inc., in order to facilitate the companies’ multi-phased mixed-use redevelopment of the property; ESTABLISHING new capital improvement program project account no. 980x164x211631, “Madison & Whetsel Phase IIB Public Improvements,” for the purpose of providing resources to facilitate the construction of various public improvements associated with a portion of the development; AUTHORIZING the transfer and appropriation of $950,000 from the unappropriated surplus of Madisonville District Equivalent Fund 498 (Madisonville TIF District) to the newly established capital improvement program project account 980x164x211631, “Madison & Whetsel Phase IIB Public Improvements”; and DECLARING expenditures from such project account to be for a public purpose.

 

recommendation

PASS EMERGENCY