City of Cincinnati - File #: 202300766

• File #: 202300766
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• 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#: 0090-2023
• Title: ORDINANCE (EMERGENCY) 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 Agreement with Moerlein Properties LLC, thereby authorizing a 12-year tax exemption for 100% of the value of improvements made to real property located at 115-125 W. McMillan Avenue and 124-142 Lyon Street in the CUF neighborhood of Cincinnati, in connection with the construction of a mixed-use development comprised of a parking garage, approximately 5,000 square feet of commercial space, and approximately 263,000 square feet of residential space, consisting of approximately 103 units, at a total construction cost of approximately $33,000,000. (Subject to the Temporary Prohibition List)
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
3/22/2023	1	Cincinnati City Council	Passed Emergency	Pass
3/22/2023	1	Cincinnati City Council	Emergency clause to remain	Pass
3/22/2023	1	Cincinnati City Council	Suspension of the three readings	Pass
3/20/2023	1	Budget and Finance Committee	Recommend Passage Emergency
3/13/2023	1	Budget and Finance Committee	Held
3/8/2023	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) 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 Agreement with Moerlein Properties LLC, thereby authorizing a 12-year tax exemption for 100% of the value of improvements made to real property located at 115-125 W. McMillan Avenue and 124-142 Lyon Street in the CUF neighborhood of Cincinnati, in connection with the construction of a mixed-use development comprised of a parking garage, approximately 5,000 square feet of commercial space, and approximately 263,000 square feet of residential space, consisting of approximately 103 units, at a total construction cost of approximately $33,000,000. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>)

recommendation

PASS EMERGENCY