City of Cincinnati - File #: 202103294

• File #: 202103294
• 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#: 0513-2021
• 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 2001 Vine, LLC, thereby authorizing a 12-year tax exemption for 100% of the value of improvements made to real property located at 2001 Vine Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building to include approximately 3,064 square feet of residential space, consisting of 4 residential rental units, and approximately 1,168 square feet of commercial space, at a total construction cost of approximately $1,350,408.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
12/15/2021	1	Cincinnati City Council	Passed Emergency	Pass
12/15/2021	1	Cincinnati City Council	Emergency clause to remain	Pass
12/15/2021	1	Cincinnati City Council	Suspension of the three readings	Pass
12/13/2021	1	Budget and Finance Committee

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 2001 Vine, LLC, thereby authorizing a 12-year tax exemption for 100% of the value of improvements made to real property located at 2001 Vine Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building to include approximately 3,064 square feet of residential space, consisting of 4 residential rental units, and approximately 1,168 square feet of commercial space, at a total construction cost of approximately $1,350,408.

recommendation

PASS EMERGENCY