City of Cincinnati - File #: 202201736

• File #: 202201736
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 9/2/2022
• In control: Cincinnati City Council
• On agenda: 10/5/2022
• Final action: 10/5/2022
• ORD/RES# date: 10/5/2022
• ORD/RES#: 0309-2022
• Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/28/2022, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Kaladin LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1923-1927 Elm Street and 201-207 Henry Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 15,303 square feet of residential space, with 20 apartment units, at a total remodeling cost of approximately $1,666,557.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
10/5/2022	1	Cincinnati City Council	Emergency clause to remain	Pass
10/5/2022	1	Cincinnati City Council	Suspension of the three readings	Pass
10/5/2022	1	Cincinnati City Council	Passed Emergency	Pass
10/3/2022	1	Budget and Finance Committee	Recommend Passage Emergency
9/28/2022	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/28/2022, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Kaladin LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1923-1927 Elm Street and 201-207 Henry Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 15,303 square feet of residential space, with 20 apartment units, at a total remodeling cost of approximately $1,666,557.

recommendation

PASS EMERGENCY