File #: 202400650    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 2/23/2024 In control: Cincinnati City Council
On agenda: 3/6/2024 Final action: 3/6/2024
ORD/RES# date: 3/6/2024 ORD/RES#: 0087-2024
Title: ORDINANCE (EMERGENCY), submitted by Sheryl M. M. Long, City Manager, on 2/28/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Cincinnati Capital Partners 578, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1628 Walnut Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building to approximately 3,304 square feet of residential space, consisting of five residential units, at a total construction cost of approximately $926,954.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 87-2024 T, 5. 87-2024

title

ORDINANCE (EMERGENCY), submitted by Sheryl M. M. Long, City Manager, on 2/28/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Cincinnati Capital Partners 578, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 1628 Walnut Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of an existing building to approximately 3,304 square feet of residential space, consisting of five residential units, at a total construction cost of approximately $926,954.

recommendation

PASS EMERGENCY