Share to Facebook Share to Twitter Bookmark and Share
File #: 202102076    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 5/28/2021 In control: Cincinnati City Council
On agenda: 6/3/2021 Final action: 6/3/2021
ORD/RES# date: 6/3/2021 ORD/RES#: 0201-2021
Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 6/2/2021, AUTHORIZING the City Manager to accept a donation in an amount up to $505,000 from CinciVTICA, LLC for the purpose of supporting the operations and maintenance of the Cincinnati streetcar; AUTHORIZING the Director of Finance to deposit the donation into Streetcar Operations Fund revenue account no. 455x8645; and further AUTHORIZING the transfer of service payments received in lieu of taxes for streetcar operations in accordance with agreements with third-party developers from Urban Redevelopment Tax Increment Equivalent II Fund 763 to Streetcar Operations Fund 455.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. 201-2021, 4. 201-2021 T

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 6/2/2021, AUTHORIZING the City Manager to accept a donation in an amount up to $505,000 from CinciVTICA, LLC for the purpose of supporting the operations and maintenance of the Cincinnati streetcar; AUTHORIZING the Director of Finance to deposit the donation into Streetcar Operations Fund revenue account no. 455x8645; and further AUTHORIZING the transfer of service payments received in lieu of taxes for streetcar operations in accordance with agreements with third-party developers from Urban Redevelopment Tax Increment Equivalent II Fund 763 to Streetcar Operations Fund 455.

recommendation

PASS EMERGENCY