City of Cincinnati - File #: 202201464

• File #: 202201464
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 6/17/2022
• In control: Cincinnati City Council
• On agenda: 6/29/2022
• Final action: 6/29/2022
• ORD/RES# date: 6/29/2022
• ORD/RES#: 0219-2022
• Title: ORDINANCE (EMERGENCY) submitted by John P. Curp, Interim City Manager, on 6/23/2022, AUTHORIZING the establishment of new capital improvement program project account no. 980x162x221601, "OTR Mixed Income Housing - TIF," for the purpose of providing resources for a mixed-income housing project that will result in the renovation of five vacant, historic buildings into a mixed-use development, containing street-level commercial space and mixed-income residential units in the Over-the-Rhine ("OTR") neighborhood; AUTHORIZING the transfer and appropriation of $1,227,259.95 from the unappropriated surplus of Downtown/OTR East Equivalent Fund 483 to newly established capital improvement program project account no. 980x162x221601, "OTR Mixed Income Housing - TIF"; AUTHORIZING the transfer and appropriation of $347,740.05 from the unappropriated surplus of Downtown/OTR West Equivalent Fund 482 to newly established capital improvement program project account no. 980x162x221601, "OTR Mixed Income ...
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
6/29/2022	1	Cincinnati City Council	Emergency clause to remain	Pass
6/29/2022	1	Cincinnati City Council	Suspension of the three readings	Pass
6/29/2022	1	Cincinnati City Council	Passed Emergency	Pass
6/27/2022	1	Budget and Finance Committee	Recommend Passage Emergency
6/23/2022	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by John P. Curp, Interim City Manager, on 6/23/2022, AUTHORIZING the establishment of new capital improvement program project account no. 980x162x221601, “OTR Mixed Income Housing - TIF,” for the purpose of providing resources for a mixed-income housing project that will result in the renovation of five vacant, historic buildings into a mixed-use development, containing street-level commercial space and mixed-income residential units in the Over-the-Rhine (“OTR”) neighborhood; AUTHORIZING the transfer and appropriation of $1,227,259.95 from the unappropriated surplus of Downtown/OTR East Equivalent Fund 483 to newly established capital improvement program project account no. 980x162x221601, “OTR Mixed Income Housing - TIF”; AUTHORIZING the transfer and appropriation of $347,740.05 from the unappropriated surplus of Downtown/OTR West Equivalent Fund 482 to newly established capital improvement program project account no. 980x162x221601, “OTR Mixed Income Housing - TIF”; and further DECLARING that expenditures from capital improvement program project account no. 980x162x221601, “OTR Mixed Income Housing - TIF,” will serve a public purpose because the project will provide new housing availability in the OTR neighborhood, foster local improvements and investment, and increase neighborhood vitality. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>)

recommendation

PASS EMERGENCY