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201701578
| 1 | | Ordinance | ORDINANCE (B VERSION), submitted by Mayor Cranley, AUTHORIZING the City Manager to execute such agreements and take such other steps as may be necessary in order to provide for the financing and construction of certain public infrastructure improvements in connection with the construction of an approximately 21,000 seat Major League Soccer stadium, all as described in the attached Memorandum of Understanding between the City and Fussball Club Cincinnati LLC, commonly known as FC Cincinnati; ESTABLISHING new capital improvement program project account 980x164x181606, "Soccer Stadium Public Infrastructure Improvements," for the purpose of providing certain assistance with the costs of public infrastructure improvements in the vicinity of the stadium; AUTHORIZING the transfer and appropriation of (i) $7,383,000 from Special Reserve Account No. 3476, :"Blue Ash 2 Reserve," within Miscellaneous Permanent Improvement Fund 757, and (ii) $7,250,000 from Fund 852, "Urban Renewal Tax Increment Bond Fund," to the newly established capital improvement program project account 980x164x181606, "Soc | Indefinitely Postponed | |
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