City of Cincinnati - File #: 202101968

• File #: 202101968
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 5/18/2021
• In control: Cincinnati City Council
• On agenda: 5/26/2021
• Final action: 5/26/2021
• ORD/RES# date: 5/26/2021
• ORD/RES#: 0192-2021
• Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 5/19/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Oakley Yards Land, LLC, thereby authorizing a 15-year tax exemption for 45% of the value of improvements made to real property located at 2800 Robertson Avenue in the Oakley neighborhood of Cincinnati, in connection with the construction of 150 to 200 units of senior housing, at a total construction cost of approximately $35,000,000.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
5/26/2021	1	Cincinnati City Council	Passed Emergency	Pass
5/26/2021	1	Cincinnati City Council	Emergency clause to remain	Pass
5/26/2021	1	Cincinnati City Council	Suspension of the three readings	Pass
5/24/2021	1	Budget and Finance Committee	Recommend Passage Emergency
5/19/2021	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 5/19/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Oakley Yards Land, LLC, thereby authorizing a 15-year tax exemption for 45% of the value of improvements made to real property located at 2800 Robertson Avenue in the Oakley neighborhood of Cincinnati, in connection with the construction of 150 to 200 units of senior housing, at a total construction cost of approximately $35,000,000.

recommendation

PASS EMERGENCY