City of Cincinnati - File #: 202301063

• File #: 202301063
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 3/31/2023
• In control: Cincinnati City Council
• On agenda: 4/19/2023
• Final action: 4/19/2023
• ORD/RES# date: 4/19/2023
• ORD/RES#: 0123-2023
• Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/5/2023, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 1007 Dayton Street, LLC, an affiliate of 8K Development Company, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1001-1007 Dayton Street in the West End neighborhood of Cincinnati, in connection with the remodeling of approximately 935 square feet of commercial space and approximately 3,510 square feet of residential space, consisting of 8 residential rental units, at a total construction cost of approximately $1,269,520.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
4/19/2023	1	Cincinnati City Council	Passed Emergency	Pass
4/19/2023	1	Cincinnati City Council	Emergency clause to remain	Pass
4/19/2023	1	Cincinnati City Council	Suspension of the three readings	Pass
4/17/2023	1	Budget and Finance Committee	Recommend Passage Emergency	Pass
4/10/2023	1	Budget and Finance Committee	Held
4/5/2023	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/5/2023, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 1007 Dayton Street, LLC, an affiliate of 8K Development Company, LLC,  thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1001-1007 Dayton Street  in the West End neighborhood of Cincinnati, in connection with the remodeling of approximately 935 square feet of commercial space and approximately 3,510 square feet of residential space, consisting of 8 residential rental units, at a total construction cost of approximately $1,269,520.

recommendation

PASS EMERGENCY