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File #: 202001054    Version: 2
Type: Ordinance Status: Passed
File created: 8/3/2020 In control: Cincinnati City Council
On agenda: 8/5/2020 Final action: 8/5/2020
ORD/RES# date: 8/5/2020 ORD/RES#: 0247-2020
Title: ORDINANCE (EMERGENCY), submitted by Andrew Garth, Interim City Solicitor to Mayor John Cranley, on 8/3/2020, AUTHORIZING the City Manager to execute an Amendment to the 1973 City-SORTA Agreement for the transfer of funds from the Income Tax Transit Fund 759 and the transfer of real property to the Southwest Ohio Regional Transit Authority ("SORTA") on the condition of maintaining agreed upon minimum required service levels in the City of Cincinnati; AUTHORIZING the City Manager to perform an initial reconciliation of the Income Tax Transit Fund 759 upon expiration of the Transit Income Tax in October 2020 and to take steps to transfer the available portion of the unappropriated surplus of Income Tax Transit Fund 759 to SORTA in 2020, with future Transit Income Tax revenue to be transferred to SORTA upon final reconciliation of Fund 759 after final disposition of Transit Tax revenues and liabilities.
Sponsors: Mayor John Cranley
Attachments: 1. 202001054 ATTACH, 2. Attachment A - SORTA Ordinance (00318243-2xC2130), 3. 202001054 TRANS, 4. 202001054 EMER ORD

title

ORDINANCE (EMERGENCY), submitted by Andrew Garth, Interim City Solicitor to Mayor John Cranley, on 8/3/2020, AUTHORIZING the City Manager to execute an Amendment to the 1973 City-SORTA Agreement for the transfer of funds from the Income Tax Transit Fund 759 and the transfer of real property to the Southwest Ohio Regional Transit Authority (“SORTA”) on the condition of maintaining agreed upon minimum required service levels in the City of Cincinnati; AUTHORIZING the City Manager to perform an initial reconciliation of the Income Tax Transit Fund 759 upon expiration of the Transit Income Tax in October 2020 and to take steps to transfer the available portion of the unappropriated surplus of Income Tax Transit Fund 759 to SORTA in 2020, with future Transit Income Tax revenue to be transferred to SORTA upon final reconciliation of Fund 759 after final disposition of Transit Tax revenues and liabilities.

recommendation

PASS EMERGENCY