City of Cincinnati - File #: 202101476

• File #: 202101476
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 4/16/2021
• In control: Cincinnati City Council
• On agenda: 4/28/2021
• Final action: 4/28/2021
• ORD/RES# date: 4/28/2021
• ORD/RES#: 0140-2021
• Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 4/21/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with MKRB 1 LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1646 Vine Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of the existing building into approximately 1,200 square feet of commercial retail space and approximately 5,250 square feet of residential space, consisting of 8 apartments, at a total remodeling cost of approximately $138,480.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
4/28/2021	1	Cincinnati City Council	Passed Emergency	Pass
4/28/2021	1	Cincinnati City Council	Emergency clause to remain	Pass
4/28/2021	1	Cincinnati City Council	Suspension of the three readings	Pass
4/26/2021	1	Budget and Finance Committee	Recommend Passage Emergency
4/21/2021	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 4/21/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with MKRB 1 LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1646 Vine Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of the existing building into approximately 1,200 square feet of commercial retail space and approximately 5,250 square feet of residential space, consisting of 8 apartments, at a total remodeling cost of approximately $138,480.

recommendation

PASS EMERGENY