City of Cincinnati - File #: 202202123

• File #: 202202123
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 11/28/2022
• In control: Cincinnati City Council
• On agenda: 12/14/2022
• Final action: 12/14/2022
• ORD/RES# date: 12/14/2022
• ORD/RES#: 0373-2022
• Title: ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 11/30/2022, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 312 W Fourth Holdings, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 312 W Fourth Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 7,872 square feet of residential space, consisting of 7 residential rental units, and approximately 2,700 square feet of commercial space, at a total construction cost of approximately $1,263,022.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
12/14/2022	1	Cincinnati City Council	Passed	Pass
12/14/2022	1	Cincinnati City Council	Suspension of the three readings	Pass
12/12/2022	1	Budget and Finance Committee	Recommend Passage
12/5/2022	1	Budget and Finance Committee	Held
11/30/2022	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 11/30/2022, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 312 W Fourth Holdings, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 312 W Fourth Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 7,872 square feet of residential space, consisting of 7 residential rental units, and approximately 2,700 square feet of commercial space, at a total construction cost of approximately $1,263,022.

recommendation

PASS