File #: 202400896    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 3/15/2024 In control: Cincinnati City Council
On agenda: 3/27/2024 Final action: 3/27/2024
ORD/RES# date: 3/27/2024 ORD/RES#: 0108-2024
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/20/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with Cincinnati Curated, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 34 W Court Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 629 square feet of commercial space and approximately 5,566 square feet of residential space, consisting of 5 residential units, which remodeling shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge Standards, at a total remodeling cost of approximately $845,456.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment, 4. 108-2024 T, 5. 108-2024

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/20/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with Cincinnati Curated, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 34 W Court Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 629 square feet of commercial space and approximately 5,566 square feet of residential space, consisting of 5 residential units, which remodeling shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge Standards, at a total remodeling cost of approximately $845,456. 

recommendation

PASS EMERGENCY