City of Cincinnati - File #: 202101232

• File #: 202101232
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 3/26/2021
• In control: Cincinnati City Council
• On agenda: 4/7/2021
• Final action: 4/7/2021
• ORD/RES# date: 4/7/2021
• ORD/RES#: 0111-2021
• Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 3/31/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 17E-Fifteen LLC, thereby authorizing an 8-year tax exemption for 100% of the value of improvements made to real property located at 17 E. 15th Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 3,576 square feet of residential space, consisting of 6 residential rental units, at a total construction cost of approximately $300,000.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
4/7/2021	1	Cincinnati City Council	Passed Emergency	Pass
4/7/2021	1	Cincinnati City Council	Emergency clause to remain	Pass
4/7/2021	1	Cincinnati City Council	Suspension of the three readings	Pass
4/5/2021	1	Budget and Finance Committee	Recommend Passage Emergency
3/31/2021	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 3/31/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 17E-Fifteen LLC, thereby authorizing an 8-year tax exemption for 100% of the value of improvements made to real property located at 17 E. 15th Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 3,576 square feet of residential space, consisting of 6 residential rental units, at a total construction cost of approximately $300,000.

recommendation

PASS EMERGENCY