City of Cincinnati - File #: 202001999

• File #: 202001999
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 10/16/2020
• In control: Cincinnati City Council
• On agenda: 10/28/2020
• Final action: 10/28/2020
• ORD/RES# date: 10/28/2020
• ORD/RES#: 0364-2020
• Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 10/21/2020, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with Graphite Oakley, LLC, thereby authorizing a 12-year tax exemption for 100% of the value of improvements made to real property located at 2980 Disney Street in the Oakley neighborhood of Cincinnati, in connection with the construction of five new building into enclosed parking on the first floor, consisting of approximately 564 parking spaces, and approximately 360,828 square feet of residential rental space on the upper floors, consisting of approximately 316 apartments, which construction shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge standards, at a total construction cost of approximately $35.569.369.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
10/28/2020	1	Cincinnati City Council	Emergency clause to remain	Pass
10/28/2020	1	Cincinnati City Council	Suspension of the three readings	Pass
10/28/2020	1	Cincinnati City Council	Passed Emergency	Pass
10/26/2020	1	Budget and Finance Committee
10/21/2020	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 10/21/2020, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with Graphite Oakley, LLC, thereby authorizing a 12-year tax exemption for 100% of the value of improvements made to real property located at 2980 Disney Street in the Oakley neighborhood of Cincinnati, in connection with the construction of five new building into enclosed parking on the first floor, consisting of approximately 564 parking spaces, and approximately 360,828 square feet of residential rental space on the upper floors, consisting of approximately 316 apartments, which construction shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge standards, at a total construction cost of approximately $35.569.369.

recommendation

PASS EMERGENCY