File #: 202102528    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 7/30/2021 In control: Cincinnati City Council
On agenda: 8/4/2021 Final action: 8/4/2021
ORD/RES# date: 8/4/2021 ORD/RES#: 0314-2021
Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 8/2/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with CH KeyMark LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 5906-5910 and 6060 Hamilton Avenue in the College Hill neighborhood of Cincinnati, in connection with the remodeling of 3 existing buildings to create 15,100 square feet of residential space consisting of 26 apartments, 3,395 square feet of commercial office space, and 1,487 square feet of commercial retail space, at a total construction cost of approximately $3,632,132.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Exhibit A, 4. 314-2021, 5. 314-2021 T

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 8/2/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with CH KeyMark LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 5906-5910 and 6060 Hamilton Avenue in the College Hill neighborhood of Cincinnati, in connection with the remodeling of 3 existing buildings to create 15,100 square feet of residential space consisting of 26 apartments, 3,395 square feet of commercial office space, and 1,487 square feet of commercial retail space, at a total construction cost of approximately $3,632,132.

recommendation

PASS EMERGENCY