City of Cincinnati - File #: 202101195

• File #: 202101195
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 3/19/2021
• In control: Cincinnati City Council
• On agenda: 3/31/2021
• Final action: 3/31/2021
• ORD/RES# date: 3/31/2021
• ORD/RES#: 0099-2021
• Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 3/24/2021, APPROVING AND AUTHORIZING the execution of a Job Creation Tax Credit Agreement with Luma Financial Technologies, LLC, pursuant to which the company agrees to create 58 new jobs at 425 Walnut Street, Suite 2410 in the Central Business District of Cincinnati and, for a period of 4 years, the City agrees to provide an income tax credit equal to 35% of City income tax revenue from such new jobs.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
3/31/2021	1	Cincinnati City Council	Passed Emergency	Pass
3/31/2021	1	Cincinnati City Council	Emergency clause to remain	Pass
3/31/2021	1	Cincinnati City Council	Suspension of the three readings	Pass
3/29/2021	1	Budget and Finance Committee	Recommend Passage Emergency
3/24/2021	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 3/24/2021, APPROVING AND AUTHORIZING the execution of a Job Creation Tax Credit Agreement with Luma Financial Technologies, LLC, pursuant to which the company agrees to create 58 new jobs at 425 Walnut Street, Suite 2410 in the Central Business District of Cincinnati and, for a period of 4 years, the City agrees to provide an income tax credit equal to 35% of City income tax revenue from such new jobs.

recommendation

PASS EMERGENCY