File #: 202103293    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 12/10/2021 In control: Cincinnati City Council
On agenda: 12/15/2021 Final action: 12/15/2021
ORD/RES# date: 12/15/2021 ORD/RES#: 0512-2021
Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 12/13/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Warsaw Creative LLC and the Port of Greater Cincinnati Development Authority, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 3108-3120 Warsaw Avenue in the East Price Hill neighborhood of Cincinnati, in connection with the remodeling of 7 existing buildings into approximately 11,150 square feet of residential space, consisting of 13 residential rental units, and approximately 13,820 square feet of commercial space, at a total construction cost of approximately $5,503,972.
Sponsors: City Manager
Attachments: 1. Transmittal - CRA Tax Exemption for Warsaw Creative Campus LLC, 2. Ordinance - CRA Tax Exemption for Warsaw Creative Campus LLC, 3. Exhibit A, 4. 512-2021 T, 5. 512-2021

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 12/13/2021, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Warsaw Creative LLC and the Port of Greater Cincinnati Development Authority, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 3108-3120 Warsaw Avenue in the East Price Hill neighborhood of Cincinnati, in connection with the remodeling of 7 existing buildings into approximately 11,150 square feet of residential space, consisting of 13 residential rental units, and approximately 13,820 square feet of commercial space, at a total construction cost of approximately $5,503,972.

recommendation

PASS EMERGENCY