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File #: 202103093    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 11/10/2021 In control: Cincinnati City Council
On agenda: 11/17/2021 Final action: 11/17/2021
ORD/RES# date: 11/17/2021 ORD/RES#: 0433-2021
Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 11/10/2021, ESTABLISHING new capital improvement program project account no. 980x164x221615, "Fountain Place Redevelopment - Divisions Inc"; AUTHORIZING the transfer and appropriation of the sum of $1,200,000 from the unappropriated surplus of Urban Renewal - Tax Increment Bond Fund 852 to newly established capital improvement program project account no. 980x164x221615, "Fountain Place Redevelopment - Divisions Inc," for the purpose of providing resources for improvements to real property located at project site 50 West 5th Street; DECLARING that expenditures from capital improvement program project account no. 980x164x221615 serve a public purpose; and DECLARING this capital improvement project an urban renewal project located in an urban renewal area, each as defined in Ohio Revised Code Chapter 725.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. 433-2021, 4. 433-2021 T

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ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 11/10/2021, ESTABLISHING new capital improvement program project account no. 980x164x221615, “Fountain Place Redevelopment - Divisions Inc”; AUTHORIZING the transfer and appropriation of the sum of $1,200,000 from the unappropriated surplus of Urban Renewal - Tax Increment Bond Fund 852 to newly established capital improvement program project account no. 980x164x221615, “Fountain Place Redevelopment - Divisions Inc,” for the purpose of providing resources for improvements to real property located at project site 50 West 5th Street; DECLARING that expenditures from capital improvement program project account no. 980x164x221615 serve a public purpose; and DECLARING this capital improvement project an urban renewal project located in an urban renewal area, each as defined in Ohio Revised Code Chapter 725.

recommendation

PASS EMERGENCY