File #: 202300760    Version: 1
Type: Ordinance Status: Passed
File created: 3/3/2023 In control: Cincinnati City Council
On agenda: 3/22/2023 Final action: 3/22/2023
ORD/RES# date: 3/22/2023 ORD/RES#: 0088-2023
Title: ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 3/8/2023, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption with 8K Development Company, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 129-131 W. Elder Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of the upper floors of 2 buildings into approximately 4,680 square feet of residential space, consisting of approximately 10 residential units, at a total construction cost of approximately $880,600. (Subject to the Temporary Prohibition List)
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 88-2023 T, 5. 88-2023

title

ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 3/8/2023, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption with 8K Development Company, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 129-131 W. Elder Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of the upper floors of 2 buildings into approximately 4,680 square feet of residential space, consisting of approximately 10 residential units, at a total construction cost of approximately $880,600. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>)

recommendation

PASS