City of Cincinnati - File #: 202000997

• 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

Date	Ver.	Action By	Action	Result
8/5/2020	1	Cincinnati City Council	Passed Emergency	Pass
8/5/2020	1	Cincinnati City Council	Suspension of the three readings	Pass
8/5/2020	1	Cincinnati City Council	Passed	Pass
8/3/2020	1	Budget and Finance Committee	Recommend Passage Emergency

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